East West Bancorp, Inc. (Nasdaq:EWBC)
December 6th, 2018
East West Bancorp, Inc. finished Thursday’s trading session down 2.26%, a $1.14 decrease to close on $49.20. As well as the drop in value, East West Bancorp, Inc. hit a new 52 week low of $48.01, breaking the previous low of $49.74 from earlier this month.
EWBC was outperformed by the rest of the Financials sector which went down just 1.44%.
Expectations from 13 analysts points to the possibility that East West Bancorp, Inc. could go up significantly (40%), while Finbox has calculated (with high uncertainty) a fair value price of $63.14.
The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector dropping 12%.
Communication Services saw the biggest turnaround from its 5-day performance of -1.28%, as it went up 1.04%. Utilities saw a turn around from its 5-day performance of 2.33% trading down 0.10%.
- Real Estate went up with a 2.66% change.
- Communication Services went up with a 1.04% change.
- Consumer Discretionary went up with a 0.61% change.
- Information Technology went up with a 0.23% change.
- Utilities went down with a -0.10% change.
- Consumer Staples went down with a -0.10% change.
- Healthcare went down with a -0.31% change.
- Industrials went down with a -0.55% change.
- Materials went down with a -1.36% change.
- Financials went down with a -1.44% change.
- Energy went down with a -1.77% change.
East West Bancorp, Inc. Info
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 small and medium-sized businesses, business executives, professionals, and other individuals in the United States and Greater China. It operates through three segments: Retail Banking, Commercial Banking, and Other. The company offers various deposit products, including personal and business checking and savings accounts, time deposits, individual retirement accounts, travelers checks, safe deposit boxes, and MasterCard and Visa merchant deposit services. It is involved in lending activities, such as commercial and residential real estate, construction, and trade finance, as well as commercial business comprising accounts receivable, small business administration, inventory, and working capital loans. In addition, the company offers commercial lending loans that include commercial and industrial, multifamily residential, and land loans; and consumer lending loans, which comprise single-family residential, home equity lines of credit, and other consumer loans, as well as financing to clients needing a financial bridge to facilitate their business transactions between the United States and Greater China. Further, it provides various international finance, trade finance, and cash management services and products; treasury services; and Internet-based services, including online banking services. As of January 25, 2018, the company operated a network of approximately 130 locations in California, Georgia, Massachusetts, Nevada, New York, Texas, and Washington; 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 founded in 1998 and is headquartered in Pasadena, California.
All amounts in USD unless otherwise indicated
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