Recent exceptional positive changes in investment behavior have benefitted East West Bancorp Inc (NASDAQ: EWBC): positive upside/downside volume developed, and its longer term price trend turned up.
Recent notable positive changes in fundamentals have benefitted East West Bancorp Inc (NASDAQ: EWBC): the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, EWBC is expected to continue to be an important Value Builder.
East West Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. East West Bancorp has a good Appreciation Score of 77 and a good Power Rating of 82, resulting in the Highest Value Trend Rating.
Recent Price Action
East West Bancorp Inc (NASDAQ: EWBC) stock closed at $71.77 on 12/18/23 after a modest gain of 0.5%. However, normal trading volume at 83% of normal accompanied the advance. The stock has risen 4.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
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