East West Bancorp Inc (NASDAQ: EWBC) has reported E.P.S. of $2.07 for its second fiscal quarter (ending June 30) versus $2.21 for the same period a year ago — a decline of -6%. Relative to the consensus estimate of $1.96, this was a premium of $0.11. For the latest four quarters through June 30, E.P.S. were $7.85 compared to $8.98 a year ago — a decline of -13%.
Recent Price Action
East West Bancorp Inc (NASDAQ: EWBC) stock closed at $83.73 on 7/23/24 after a large increase of 2.2%. Moreover, above average trading volume at 146% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 8.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, EWBC is expected to continue to be a 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 consistent signals. East West Bancorp has a good Power Rating of 73 and a very high Appreciation Score of 90, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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