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East West Bancorp, Inc. (NASDAQ:EWBC) target price raised to $63.00, released a report earlier today by BMO Capital Markets

Just yesterday East West Bancorp, Inc. (NASDAQ:EWBC) traded -0.13% lower at $59.55. East West Bancorp, Inc.’s 50-day moving average is $57.72 and its 200-day moving average is $54.94. The last stock 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 the stock traded hands, down from an avg. volume of 1,116,920

Stating a potential upside of 0.06%, BMO Capital Markets bumped up the target of East West Bancorp, Inc. (NASDAQ:EWBC) to $63.00

Previously on 6/27/2017, Wedbush released a statement about East West Bancorp, Inc. (NASDAQ:EWBC) increased the target price from $0.00 to $68.00. At the time, this indicated a possible upside of 0.19%.

Performance Chart

East West Bancorp, Inc. (NASDAQ:EWBC)

With a total market value of $0, East West Bancorp, Inc. has P/E ratio of 15.71 with a 52 week low of $34.02 and a 52 week high of $60.42 .

In addition to BMO Capital Markets reporting its stock price target, a total of 12 brokers have issued a ratings update on East West Bancorp, Inc.. The 12-month price target is $41.67 with two firms rating the stock a strong buy, 8 firms rating the stock a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About East West Bancorp, Inc. (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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