East West Bancorp (EWBC) : 8 brokerage houses believe that East West Bancorp (EWBC) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on East West Bancorp (EWBC). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.
East West Bancorp (EWBC) : 9 investment research analysts covering East West Bancorp (EWBC) have an average price target of $41.44 for the near short term. The highest target price given by the Brokerage Firm to the stock is $46 and the lowest target is $38 for the short term. Analysts expect the variance to be within $2.24 of the average price.
For the current week, the company shares have a recommendation consensus of Buy.
East West Bancorp (NASDAQ:EWBC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.06 and $33.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.59, notching a gain of 1.14% for the day. The total traded volume was 828,049 . The stock had closed at $33.21 on the previous day.
East West Bancorp, Inc. (East West) is a bank holding company. East Wests principal business is to serve as a holding company for East West Bank (Bank) and other banking or banking-related subsidiaries. The Bank offers deposit products, including the traditional range of personal and business checking and savings accounts, time deposits and individual retirement accounts, travelers checks, safe deposit boxes, and MasterCard and Visa merchant deposit services. The Banks lending activities include commercial and residential real estate, construction, trade finance, and commercial business, including accounts receivable, small business administration (SBA), inventory and working capital loans. The Bank provides commercial business loans to small and medium-sized businesses. In addition, the Bank is focused on providing financing to clients needing a financial bridge that facilitates their business transactions between Asia and the United States.