East West Bancorp (EWBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
East West Bancorp, Inc. (the "Company") (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, today announced that due to the public health impact of the coronavirus (COVID-19) outbreak, and to support the health and well-being of its employees, stockholders, and other meeting participants, the Company’s 2020 Annual Meeting of Stockholders ("Annual Meeting") scheduled for Tuesday, May 19, 2020, at 2:00 p.m. Pacific Time, will now be held in a virtual meeting format only. The date and time of the Annual Meeting, May 19, 2020 at 2:00 pm Pacific Time, as disclosed in the Company’s proxy materials for the meeting, has not changed. Stockholders will not be able to attend the Annual Meeting physically in person.
Q1 2020 East West Bancorp Inc Earnings Call
Shares of East West Bancorp (NASDAQ:EWBC) rose 11.4% after the company reported Q1 results.Quarterly Results Earnings per share were down 13.79% year over year to $1.00, which beat the estimate of $0.95.Revenue of $362,707,000 up by 0.07% from the same period last year, which beat the estimate of $361,660,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: Apr 23, 2020View more earnings on EWBCTime: 06:01 AM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/ewbc/mediaframe/36538/indexr.htmlRecent Stock Performance 52-week high: $52.9752-week low: $22.55Price action over last quarter: down 39.83%Company Description East West Bancorp Inc is the holding company for East West Bank, a full-service commercial bank with cross-border operations concentrated in the United States and China. East West Bank is one of a few U.S.-based banks with a full banking license in China. The bank's cost strategy has increasingly focused on expanding its deposit base away from time deposits to commercial deposits. The bank has also taken part in entertainment partnerships between participants in China and Hollywood. Most of these efforts include financing the production and distribution of film and television projects. The bank leverages its cultural and regulatory knowledge in the U.S. and China to assist its customers entering new markets. Most of its earning assets are in loans held for investment.See more from Benzinga * Signature Bank: Q1 Earnings Insights * Recap: Watsco Q1 Earnings * Stocks That Hit 52-Week Lows On Thursday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Conformis, Inc. (CFMS) today announced that on April 17, 2020 the Company entered into a $4,719,800 promissory note with East West Bank (EWBC) under the Paycheck Protection Program (“PPP”) offered by the U.S. Small Business Administration (the "SBA") to mitigate the negative financial and operational impacts of the coronavirus (COVID-19) pandemic. In response to the coronavirus (COVID-19) pandemic, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) authorizes the SBA to make available low-interest rate loans to qualified small businesses under the PPP. According to the terms of the PPP, all or a portion of the loan may be fully forgiven if the funds are used for payroll costs (and at least 75% of the forgiven amount must have been used for payroll), interest on certain other outstanding debt, rent, and utilities.
The Zacks Analyst Blog Highlights: Ally Financial, Capital One, East West Bancorp, New York Community and Synovus Financial
East West Bancorp (EWBC) delivered earnings and revenue surprises of 6.38% and 3.74%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
East West Bancorp (EWBC) witnesses higher revenues and a decline in expenses in the first quarter of 2020. However, higher provisions hurt results to some extent.
NEW YORK, NY / ACCESSWIRE / April 23, 2020 / East West Bancorp, Inc. (NASDAQ:EWBC) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 23, 2020 at 11:30 ...
East West Bancorp, Inc. (EWBC) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
DMC Global, a publicly traded Broomfield-based oil and gas industry supplier, has returned $6.7 million it borrowed under a federal loan program meant to help small businesses prevent layoffs and pay employees.
East West Bancorp (EWBC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
East West Bancorp (EWBC) announces share repurchase authorization worth $500 million.
Voto Latino Foundation, Mission Asset Fund (MAF), and APIAVote have launched the $4 million Immigrant Neighbor Fund – with a $1 million investment by East West Bank – to assist families that were excluded from receiving COVID-19 relief funds from the CARES Act. These are the same people who are disproportionately on the frontlines, holding our economy together; they are service industry workers, healthcare professionals, food service and agricultural workers. They are the ones keeping us fed, keeping us healthy, and keeping our society running as smoothly as possible.
Top Ranked Value Stocks to Buy for March 4th
East West Bancorp, Inc. ("East West" or the "Company") (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, today reported its financial results for the first quarter of 2020. For the first quarter of 2020, net income was $144.8 million or $1.00 per diluted share. First quarter 2020 return on average assets was 1.30% and return on average equity was 11.6%.
East West Bancorp, Inc. ("East West" or the "Company") (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, will release first quarter 2020 financial results before the market opens on Thursday, April 23, 2020.
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