"Western Alliance's Earnings Hold Key to Regaining Investor Confidence"

Western Alliance Bancorp, despite facing turmoil earlier this year due to regional bank collapses, has become a favorite among Wall Street analysts and has the highest consensus rating in the KBW Bank Index. With the company set to report its earnings, it has an opportunity to win over skittish investors and prove naysayers wrong. The stock has rallied over 119% from its low point earlier this year, but still remains down by more than 33% since the start of 2023. Analysts expect the company to report a drop in profits for the third quarter, but they remain bullish on its valuation and the steps management has taken to stabilize the business. Deposit costs and net interest margin guidance will be key areas of focus.