Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
East West Bancorp ( (EWBC) ) has issued an announcement.
On January 23, 2025, East West Bancorp announced a record net income of $1.2 billion for the full year 2024, with diluted earnings per share of $8.33. The company reported significant growth in deposits, reflecting strong customer relationships, and a 12% increase in fee income. East West Bancorp also revealed an additional $300 million share repurchase authorization and a 9% increase in its common stock dividend, showcasing its robust capital base and profitability. The announcement highlights the company’s commitment to supporting communities affected by wildfires in Southern California and its continued dedication to serving its clients.
More about East West Bancorp
East West Bancorp, Inc., based in Pasadena, California, operates primarily in the banking industry through its subsidiary, East West Bank. The company focuses on providing financial services, including wealth management, lending, and deposit account services, demonstrating a strong market presence and customer relationship base.
YTD Price Performance: 9.78%
Average Trading Volume: 913,661
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.38B
For an in-depth examination of EWBC stock, go to TipRanks’ Stock Analysis page.
