WaFd Bank: Cautious Approach Amidst Mixed Performance

WaFd Banks stock has seen a 13.3% return over the past six months, but it trails the broader markets 15.4% gain. The banks net interest income growth (6.9% annually) is below the industry average, and its net interest margin has been declining. Despite revenue growth (6.7% annually), EPS growth (9% compounded annually) is more promising. Analysts advise caution due to the stocks high valuation (0.9 times forward price to book), suggesting optimism is already priced in.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.