banking stock faces integration challenges, buyback boost By Investing.com
WaFd Inc (NASDAQ:WAFD), formerly known as Washington Federal (NASDAQ:), is a regional bank providing a range of banking services across several states in the United States. With a market capitalization of $2.95 billion, the company has recently been in the spotlight due to significant developments that have caught the attention of market analysts and investors alike. According to InvestingPro analysis, WaFd currently trades below its Fair Value, suggesting potential upside opportunity for investors.
Recent Developments
One of the most notable recent events for WaFd is the agreement to sell $3.2 billion of LBC loans. This sale, announced in May 2024, was executed at 91.96% of the carrying value, which is approximately the book value of…
