Stephens initiated coverage of East West Banc with a rating of Overweight and set a new price target of $79.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/8/2024 | $106.00 | Overweight | Barclays |
| 12/8/2023 | $79.00 | Overweight | Stephens |
| 12/4/2023 | $66.00 → $76.00 | Equal-Weight → Overweight | Morgan Stanley |
| 12/1/2023 | $75.00 | Buy | Citigroup |
| 11/3/2023 | $57.00 → $69.00 | Neutral → Outperform | Wedbush |
| 10/30/2023 | $57.00 → $61.00 | Neutral → Buy | UBS |
| 10/3/2023 | $68.00 | Buy | Janney |
| 3/15/2023 | $63.00 | Neutral | UBS |
Stephens & Co. analyst Andrew Terrell maintains East West Bancorp (NASDAQ:EWBC) with a Overweight and raises the price target from $86 to $95.
Wedbush analyst David Chiaverini maintains East West Bancorp (NASDAQ:EWBC) with a Outperform and raises the price target from $90 to $100.
Wells Fargo analyst Timur Braziler maintains East West Bancorp (NASDAQ:EWBC) with a Overweight and raises the price target from $85 to $95.
Barclays initiated coverage of East West Banc with a rating of Overweight and set a new price target of $106.00
Stephens initiated coverage of East West Banc with a rating of Overweight and set a new price target of $79.00
Morgan Stanley upgraded East West Banc from Equal-Weight to Overweight and set a new price target of $76.00 from $66.00 previously
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), parent company of East West Bank, reported its financial results for the third quarter of 2024. Third quarter 2024 net income was $299 million, or $2.14 per diluted share. Return on average assets was 1.62%, return on average common equity was 16.0%, and return on average tangible common equity1 was 17.1%. Book value per share grew 6% quarter-over-quarter and 19% year-over-year. "East West reported another strong quarter of balanced growth in support of our customers," said Dominic Ng, Chairman and Chief Executive Officer. "We continued to grow consumer and business banking deposits while further diversifying our loan po
East West Bank, the largest publicly traded bank headquartered in Southern California, today celebrated its 25th anniversary on the Nasdaq stock exchange. Chairman and CEO Dominic Ng rang Nasdaq's opening bell to commemorate this milestone in the Bank's history. "This is a momentous day for East West Bank," said Dominic Ng. "Celebrating 25 years on Nasdaq is a testament to the trust our customers have placed in us and our unwavering commitment to helping them reach further." During Ng's tenure as CEO, he has transformed East West from a $600 million savings and loan association into a global commercial bank with over $72 billion in assets. The Bank has earned recognition as the #1 top per
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), announced today that Dominic Ng, Chairman and Chief Executive Officer, and Christopher Del Moral-Niles, Chief Financial Officer, will participate in the Barclays 22nd Annual Global Financial Services Conference and deliver remarks during a fireside chat on Monday September 9th, 2024, at 11:15 a.m. Eastern Time in New York. Mr. Ng and Mr. Del Moral-Niles will also meet with investors and discuss East West's business, performance, and strategy. The remarks and presentation may include forward looking statements. The live audio webcast, presentation, and replay will be available on the Events and Presentations page of East
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), parent company of East West Bank, reported its financial results for the third quarter of 2024. Third quarter 2024 net income was $299 million, or $2.14 per diluted share. Return on average assets was 1.62%, return on average common equity was 16.0%, and return on average tangible common equity1 was 17.1%. Book value per share grew 6% quarter-over-quarter and 19% year-over-year. "East West reported another strong quarter of balanced growth in support of our customers," said Dominic Ng, Chairman and Chief Executive Officer. "We continued to grow consumer and business banking deposits while further diversifying our loan po
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), parent company of East West Bank, reported its financial results for the second quarter of 2024. Second quarter 2024 net income was $288 million, or $2.06 per diluted share. Return on average assets was 1.63%, return on average common equity was 16.4%, and return on average tangible common equity1 was 17.5%. Book value per share grew 3% quarter-over-quarter and 14% year-over-year. "The strength of East West's diversified business model continued to deliver for our shareholders in the second quarter," said Dominic Ng, Chairman and Chief Executive Officer. "Total loans and deposits each grew by 2% quarter-over-quarter, co
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), announced plans to host conference calls to review financial results on the following dates: Financial Period Earnings Release Date Conference Call Time Second Quarter 2024 Tuesday, July 23, 2024 2 p.m. PT/5 p.m. ET Third Quarter 2024 Tuesday, October 22, 2024 2 p.m. PT/5 p.m. ET The financial results are scheduled to be released after the market closes on the dates noted above. The live audio webcast, earnings release, and earnings presentation will be available on the Investor Relations site at www.eastwestbank.com/investors. Information to access a replay o
8-K - EAST WEST BANCORP INC (0001069157) (Filer)
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8-K - EAST WEST BANCORP INC (0001069157) (Filer)
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East West Bank, the largest publicly traded bank headquartered in Southern California, today celebrated its 25th anniversary on the Nasdaq stock exchange. Chairman and CEO Dominic Ng rang Nasdaq's opening bell to commemorate this milestone in the Bank's history. "This is a momentous day for East West Bank," said Dominic Ng. "Celebrating 25 years on Nasdaq is a testament to the trust our customers have placed in us and our unwavering commitment to helping them reach further." During Ng's tenure as CEO, he has transformed East West from a $600 million savings and loan association into a global commercial bank with over $72 billion in assets. The Bank has earned recognition as the #1 top per
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), parent company of East West Bank, today announced the appointment of Dr. Jason Hsu, founder and Chief Investment Officer of Rayliant Global Advisors ("Rayliant"), as the Chief Economist for East West Bank. In tandem with Dr. Hsu's appointment, East West Bancorp has signed a definitive agreement to acquire a non-controlling interest in Rayliant, the firm he founded in 2016 and will continue to run. This partnership will expand the Bank's wealth management business and allow East West to provide institutional-quality investment management products and services to its clients. The transaction is expected to close in the thir
Hope Bancorp, Inc. (NASDAQ:HOPE) (the "Company"), the holding company of Bank of Hope (the "Bank"), today announced the appointment of Julianna Balicka as Executive Vice President and Chief Financial Officer of the Company and Bank, effective immediately. David P. Malone, who stepped in as Interim Chief Financial Officer since January 6, 2023, has agreed to stay on through April 30, 2023, to assist in the transition process. "On behalf of the Board, I thank Dave for his seamless leadership of all CFO-related responsibilities during our search for a permanent Chief Financial Officer," said Kevin S. Kim, Chairman, President and Chief Executive Officer. "I am also very pleased to welcome Jul