Earnings Alerts

East West Bancorp (EWBC) Earnings: 2Q EPS Misses Estimates but Revenue Surpasses Expectations

  • East West Bancorp reported earnings per share (EPS) of $2.24 for the second quarter.
  • This EPS figure missed the estimated EPS of $2.27.
  • The company reported total revenue of $705 million.
  • Actual revenue slightly surpassed the estimated revenue, which was $704.8 million.
  • The current analyst ratings for East West Bancorp include 10 buy recommendations, 6 hold recommendations, and 0 sell recommendations.

A look at East West Bancorp Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

East West Bancorp, Inc., the holding company for East-West Bank, appears to have a promising long-term outlook based on its Smartkarma Smart Scores. With a strong momentum score of 5, the company seems to be experiencing positive market trends. Additionally, scoring high in growth and resilience with ratings of 4 for both factors, East West Bancorp shows potential for expansion and the ability to weather economic challenges. This positions the company well for continued development and resilience in the long term.

Moreover, East West Bancorp received average scores of 3 in both value and dividend factors. While not the highest, these scores still indicate stability and a balanced approach in terms of investment value and potential returns for shareholders. Overall, with a mix of solid scores across various factors, East West Bancorp portrays a steady outlook for the future, supported by its commercial banking focus and geographical presence in key California counties.

### Summary:
East West Bancorp, Inc. is the holding company for East-West Bank, a commercial bank specializing in commercial, construction, and real estate lending, as well as financing international trade. Operating in Los Angeles, Orange, San Francisco, and Santa Clara counties, East West Bancorp is well-positioned for growth and resilience in the long term. ###


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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