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BMO Capital Markets downgraded East West Bancorp Inc. (NDAQ:EWBC) from Outperform to Market Perform in a statement released earlier today.

BMO Capital Markets has downgraded East West Bancorp Inc. (NDAQ:EWBC) from Outperform to Market Perform in a statement released on 7/07/2017.

On 5/23/2017, Keefe Bruyette Woods released a statement on East West Bancorp Inc. (NDAQ:EWBC) upped the target price from $0.00 to $57.00 that suggested an upside of 0.02%.

Having a price of $59.22, East West Bancorp Inc. (NDAQ:EWBC) traded -0.13% lower on the day. With the last close up 0.13% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the same period. East West Bancorp Inc. has recorded a 50-day average of $57.72 and a two hundred day average of $54.94. Volume of trade was down over the average, with 748,154 shares of EWBC changing hands under the typical 1,116,920

Performance Chart

East West Bancorp Inc. (NDAQ:EWBC)

With a total market value of $0, East West Bancorp Inc. has price-earnings ratio of 15.71 with a one year low of $34.02 and a one year high of $60.42 .

A total of 12 brokers have issued a research note on the company. Two equity analysts rating the company a strong buy, eight equity analysts rating the stock a buy, 4 firms rating the stock a hold, 0 analysts rating the company a underperform, and finally zero analysts rating the stock a sell with a average stock price target of $41.67.

Brief Synopsis On East West Bancorp Inc. (NDAQ: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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