20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Western Alliance Bancorporation (NYSE:WAL) shares are trading higher by 6.9% to $42.58 Tuesday morning. Western Alliance shares are higher amid earnings results from several banks on Tuesday.
Traders and investors will also be watching for Western Alliance's second-quarter earnings report, which is confirmed for Tuesday after the market close. The company is expected to report EPS of $1.98 on revenue of $653.09 million.
What's Going On With Peer Banks?
Bank of America on Tuesday announced a notable year-over-year net income growth of 19% for the second quarter of FY23, reaching $7.4 billion. During the same period, EPS amounted to 88 cents, surpassing the previous year's figure of 73 cents and exceeding the consensus estimate of 84 cents.
Furthermore, Bank of America's revenue exhibited an 11% year-on-year increase, reaching $25.33 billion, surpassing the analyst consensus estimate of $25.05 billion...Read More
According to data from Benzinga Pro, WAL has a 52-week high of $86.87 and a 52-week low of $7.46.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!