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BMO Capital downgraded East West Banc (NASDAQ:EWBC) from Outperform to Market Perform in a report released today.

BMO Capital has downgraded East West Banc (NASDAQ:EWBC) from Outperform to Market Perform in a report released on 7/07/2017.

Previously on Tuesday June 27, 2017, Wedbush reported on East West Banc (NASDAQ:EWBC) increased the target price from $0.00 to $68.00. At the time, this indicated a possible upside of 0.19%.

Just yesterday East West Banc (NASDAQ:EWBC) traded -0.13% lower at $59.55. East West Banc’s 50-day moving average is $57.72 and its 200-day moving average is $54.94. The last closing price is up 0.13% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 748,154 shares of EWBC traded hands, down from an average trading volume of 1,116,920

Recent Performance Chart

East West Banc (NASDAQ:EWBC)

East West Banc has 52 week low of $34.02 and a 52 week high of $60.42 with a PE ratio of 15.71 and has a market capitalization of $0.

In addition to BMO Capital reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is $41.67 with 2 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On East West Banc (NASDAQ:EWBC)

East West Bancorp, Inc. is a bank holding company. The Company's principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals. It operates through three segments: Retail Banking, Commercial Banking and Other. The Retail Banking segment focuses primarily on retail operations through the Bank's branch network. The Commercial Banking segment primarily generates commercial and industrial (C&I) loans and commercial real estate (CRE) loans through the domestic commercial lending operations in California, New York, Texas, Washington, Massachusetts, Nevada and Georgia, and through the foreign commercial lending operations in China and Hong Kong.

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