WESTERN ALLIANCE BANCORPORATION's WAL-P-A is an exchange-traded preferred stock in the Banks sector. At a recent price of $24.59, WAL-P-A yields 4.32% on its $25 liquidation preference and 4.25% coupon. It trades at a discount of 1.6% to par. The issue is non-cumulative, perpetual (no stated maturity), callable on or after 2026-09-30. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.