East West Bancorp, Inc. (NASDAQ:EWBC) is expected to report second quarter earnings results, before market open, on Thursday 23rd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.76 per share.
Looking ahead, the full year income are expected at $ 3.65 per share on the revenues of $ 1418.31 million.
Previous Quarter Performance
East West Bancorp, Inc. unveiled income for the first quarter of $ 1.00 per share, from the revenue of $ 362.71 million. The quarterly earnings lowered 10.71 percent while revenues elevated 0.07 percent compared with the same quarter last year.
Wall street analysts are predicting, EWBC to report 1Q20 income of $ 0.95 per share from revenue of $ 361.66 million. The bottom line results beat street analysts by $ 0.05 or 5.26 percent, at the same time, top line results outshined analysts by $ 1.05 million or 0.29 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of EWBC was $ 35.36, representing a 56.81 % increase from the 52 week low of $ 22.55 and a 31.84 % decrease over the 52 week high of $ 51.88.
The company has a market capital of $ 5.00 billion and is part of the Financial Services sector and Banks – Global industry.
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Recent Analyst recommendations
On 7th July 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 33.00 target price.
On 8th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 48.00 target price.
Recent Stock Dividend Announcement
On April 23, 2020, the board of directors authorized quarterly dividend of $ 0.275 per share to holders of record as of the close of business on May 4, 2020, with payment date of May 15, 2020 and ex-dividend date on May 1, 2020.
Conference Call
East West Bancorp, Inc. will be hosting a conference call at 11:30 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.eastwestbank.com
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 in three segments: Consumer and Business Banking, Commercial Banking, and Other.
