East West Bancorp, Inc. (Nasdaq:EWBC) Lowers The 52 Week Low

Shipwreck freeimages.com/Roger Buser
Shipwreck freeimages.com/Roger Buser

East West Bancorp, Inc. (Nasdaq:EWBC)

December 22nd, 2018
Amidst falling markets East West Bancorp, Inc. fell $1.14 Friday which equals a 2.70% drop, closing at $41.02. As well as the drop in value, East West Bancorp, Inc. hit a new 52 week low of $40.95, breaking the previous low of $41.64 from earlier this month. Despite the drop in value, trading volumes were solid at 333% of normal which can indicate investor opportunities.

EWBC was outperformed by the rest of the Financials sector which went down only 1.96%.

Results from 13 analysts suggest that East West Bancorp, Inc. might increase significantly (67%), while Finbox has calculated (with high uncertainty) a fair value price of $52.54.

Market Sectors

Saturday saw a downward swing in all sectors of the market with Communication Services seeing the biggest drop at 3.07% drop. Utilities has seen the biggest year-to-date gain at 2.24%. The biggest loss this year has been the Energy sector dropping 22%.

Sector Breakdown

  • Utilities went down with a -0.71% change.
  • Materials went down with a -0.95% change.
  • Energy went down with a -1.05% change.
  • Consumer Staples went down with a -1.09% change.
  • Healthcare went down with a -1.42% change.
  • Real Estate went down with a -1.58% change.
  • Industrials went down with a -1.93% change.
  • Financials went down with a -1.96% change.
  • Consumer Discretionary went down with a -2.58% change.
  • Information Technology went down with a -2.99% change.
  • Communication Services went down with a -3.07% 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
EWBC daily update

EWBC daily update

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