Western Alliance Bank Corporation (NYSE:Wal) is one of the Stocks Jim Cramer Recently Highlighted. Cramer mentioned the company during the episode, saying:
“Then the next morning, a different regional bank, Western Alliance, announced that it was also having a credit problem, this time with a revolving line of credit it issued. Western Alliance named the borrower. It’s a real estate investment trust called Cantor Group V, and said they had filed a lawsuit in August, alleging fraud on the part of the borrower. Now, it turns out that Zions and Western Alliance were actually suing the same party, a California real estate investor. and a developer called Cantor Group… Western Alliance even said it was providing the information about its lawsuit because Zions had made its own announcement, and they were starting to get questions from investors about their own exposure to this company…
Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels
Western Alliance Bancorporation (NYSE:WAL) offers commercial, real estate and consumer lending products, along with deposit, treasury management and digital banking services.
While we recognize WAL’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
READ NEXT: 30 stocks that should double in 3 years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article was originally published in Internal jumpsuit.