East West Bancorp, Inc. operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States and Greater China. It operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. The company accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits. Its loan products include commercial and residential real estate, lines of credit, construction, trade finance, letters of credit, commercial business, housing loans, asset-based lending, and equipment financing, as well as financing to clients needing a financial bridge to facilitate their business transactions between the United States and Greater China. The company also provides various wealth management, treasury management, foreign exchange, and interest rate and commodity hedging risk management services; and internet-based services comprising online banking services. As of January 28, 2021, it operated approximately 120 locations in the United States and Greater China; full-service branches in Hong Kong, Shanghai, Shantou, and Shenzhen; and representative offices in Beijing, Chongqing, Guangzhou, Taipei, and Xiamen. East West Bancorp, Inc. was incorporated in 1998 and is headquartered in Pasadena, California.
IPO Year:
Exchange: NASDAQ
Website: eastwestbank.com
| 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 |
| 12/5/2022 | $84.00 | Equal-Weight | Morgan Stanley |
| 6/30/2022 | $75.00 | Outperform → Neutral | Wedbush |
4 - EAST WEST BANCORP INC (0001069157) (Issuer)
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4 - EAST WEST BANCORP INC (0001069157) (Issuer)
4 - EAST WEST BANCORP INC (0001069157) (Issuer)
4 - EAST WEST BANCORP INC (0001069157) (Issuer)
4 - EAST WEST BANCORP INC (0001069157) (Issuer)
4 - EAST WEST BANCORP INC (0001069157) (Issuer)
4 - EAST WEST BANCORP INC (0001069157) (Issuer)
4 - EAST WEST BANCORP INC (0001069157) (Issuer)
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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
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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.
DA Davidson analyst Gary Tenner maintains East West Bancorp (NASDAQ:EWBC) with a Buy and raises the price target from $92 to $100.
Analysts' ratings for East West Bancorp (NASDAQ:EWBC) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 0 0 Last 30D 0 0 1 0 0 1M Ago 2 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $90.5, along with a high estimate of $105.00 and a low estimate of $80.00. Witnessing a positive shift, the current average has ri
Piper Sandler analyst Matthew Clark maintains East West Bancorp (NASDAQ:EWBC) with a Neutral and raises the price target from $72.5 to $92.
East West Bancorp (NASDAQ:EWBC) reported quarterly earnings of $2.07 per share which beat the analyst consensus estimate of $1.97 by 5.08 percent. The company reported quarterly sales of $553.229 million which missed the analyst consensus estimate of $554.958 million by 0.31 percent. This is a 2.39 percent decrease over sales of $566.746 million the same period last year.
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
Citigroup initiated coverage of East West Banc with a rating of Buy and set a new price target of $75.00
Wedbush upgraded East West Banc from Neutral to Outperform and set a new price target of $69.00 from $57.00 previously
UBS upgraded East West Banc from Neutral to Buy and set a new price target of $61.00 from $57.00 previously
Janney initiated coverage of East West Banc with a rating of Buy and set a new price target of $68.00
UBS initiated coverage of East West Banc with a rating of Neutral and set a new price target of $63.00
Morgan Stanley initiated coverage of East West Banc with a rating of Equal-Weight and set a new price target of $84.00
Wedbush downgraded East West Banc from Outperform to Neutral and set a new price target of $75.00
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 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
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), parent company of East West Bank, reported its financial results for the first quarter of 2024. First quarter 2024 net income was $285 million, or $2.03 per diluted share. Excluding a $10 million pre-tax Federal Deposit Insurance Corporation ("FDIC") Special Assessment-related charge (the "FDIC charge")1, adjusted diluted earnings per share2 for the quarter were $2.08, up 3% from the fourth quarter of 2023. Total deposits reached a record $58.6 billion as of March 31, 2024. Return on average common equity was 16%, return on average tangible common equity3 was 18%, and book value per share grew 13% year-over-year. "This
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), announced today that Christopher Del Moral-Niles, Chief Financial Officer, will meet with investors and discuss East West's business, performance, and strategy at the Wells Fargo 2024 Financial Services Investor Conference on Tuesday, May 14, 2024. The second quarter investor presentation will be made available prior to the discussions and can be accessed via the Presentations and Events page of East West's Investor Relations site at www.eastwestbank.com/investors. About East West East West provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a pu
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), announced today that Christopher Del Moral-Niles, Chief Financial Officer, will present at the Bank of America 2024 Financial Services Conference on Thursday, February 22nd, 2024, at 10:30 a.m. Eastern Time in Miami, Florida. He will also participate in a fireside chat at the UBS 2024 Financial Services Conference on Monday, February 26th, 2024, at 9:40 a.m. Eastern Time in Miami, Florida. Mr. Del Moral-Niles will meet with investors and discuss East West's business, performance, and strategy. The presentation and remarks may include forward looking statements. The live audio webcasts, presentation materials, and replay
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), parent company of East West Bank, reported its financial results for the full year and fourth quarter of 2023. Full year 2023 net income was $1.2 billion, or $8.18 per diluted share. Excluding $70 million pre-tax of FDIC Special Assessment-related expense (the "FDIC charge") and $7 million of net losses on an AFS debt security, adjusted diluted earnings per share1 for the year were $8.56. Fourth quarter 2023 net income was $239 million, or $1.69 per diluted share. Excluding the FDIC charge and a $3 million gain on the sale of an AFS debt security, adjusted earnings per diluted share were $2.02 for the fourth quarter. Re
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 Fourth Quarter and Full Year 2023 Tuesday, January 23, 2024 2 p.m. PT/5 p.m. ET First Quarter 2024 Tuesday, April 23, 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, and the live audio webcast, earnings release, and earnings presentation will be available on the Investor Relations site at www.eastwestbank.com/investors. Information t
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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
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), parent company of East West Bank, reported its financial results for the first quarter of 2024. First quarter 2024 net income was $285 million, or $2.03 per diluted share. Excluding a $10 million pre-tax Federal Deposit Insurance Corporation ("FDIC") Special Assessment-related charge (the "FDIC charge")1, adjusted diluted earnings per share2 for the quarter were $2.08, up 3% from the fourth quarter of 2023. Total deposits reached a record $58.6 billion as of March 31, 2024. Return on average common equity was 16%, return on average tangible common equity3 was 18%, and book value per share grew 13% year-over-year. "This
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), parent company of East West Bank, reported its financial results for the full year and fourth quarter of 2023. Full year 2023 net income was $1.2 billion, or $8.18 per diluted share. Excluding $70 million pre-tax of FDIC Special Assessment-related expense (the "FDIC charge") and $7 million of net losses on an AFS debt security, adjusted diluted earnings per share1 for the year were $8.56. Fourth quarter 2023 net income was $239 million, or $1.69 per diluted share. Excluding the FDIC charge and a $3 million gain on the sale of an AFS debt security, adjusted earnings per diluted share were $2.02 for the fourth quarter. Re
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 Fourth Quarter and Full Year 2023 Tuesday, January 23, 2024 2 p.m. PT/5 p.m. ET First Quarter 2024 Tuesday, April 23, 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, and the live audio webcast, earnings release, and earnings presentation will be available on the Investor Relations site at www.eastwestbank.com/investors. Information t
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 2023. Third quarter 2023 net income was $288 million, or $2.02 per diluted share. Total loans reached a record $50.9 billion as of September 30, 2023. Return on average assets was 1.66%, return on average common equity was 17.28%, and return on average tangible common equity1 was 18.65%. "East West has continued to grow and support its customers. During the third quarter, we drove record quarterly revenue and net interest income, adding to record net income in the first half of this year," said Dominic Ng, Chairman and Chief Execut
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), parent company of East West Bank, will release third quarter 2023 financial results before the market opens on Thursday, October 19, 2023. Conference Call Information Management will discuss third quarter 2023 financial results with the public on Thursday, October 19, 2023 at 8:30 A.M. Pacific Time/ 11:30 A.M. Eastern Time via conference call. The public and investment community are invited to listen as management discusses third quarter operating developments. Dial-In Numbers: Within the U.S. (877) 506-6399 Within Canada (855) 669-9657 International (412) 902-6699
East West Bancorp, Inc. ("East West" or the "Company") (NASDAQ:EWBC), parent company of East West Bank, earned the No. 1 Performing Bank ranking in Bank Director's 2023 RankingBanking study in the $50 billion and above asset category. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230816077678/en/(Graphic: Business Wire) East West Bancorp earned both rankings based on several factors including profitability, return on equity, return on assets, tangible common equity, stock price appreciation and dividend rate. Bank Director, an information resource for the banking industry that reaches more than 24,000 U.S. bank executives and
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 2023. Second quarter 2023 net income was $312.0 million, or $2.20 per diluted share, up from $258.3 million, or $1.81 per diluted share in the prior year period. Year-over-year, net income and earnings per share both increased 21%. "We are pleased with our operating performance for the second quarter, which continues the strong trajectory from the first quarter of 2023. For the second quarter of 2023, both deposits and loans grew 7% linked quarter annualized, to $55.7 billion and $49.8 billion, respectively," stated Dominic Ng, Ch