StockChartsAI.com
All Chart Prices Delayed at least 15 minutesBefore accessing this site, you agree that you have read and agree to the disclaimers at the bottom of this page.
Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
10/08/2024 10:11:00 EST
East West Bancorp Inc (EWBC)
Industry: Banks - Regional
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, EWBC has been trading in a range between $83.22 and $78.08 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
EWBC is trading below resistance at $88.25, about 5% to the upside. There is support at $79.92 -4% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
East West Bancorp Inc $EWBC entered a Green zone 25 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $65.75, a potential down side of -21% from the recent price of 83.23. The stock is trading 7.12% (potential upside) below its 52 week high of $89.16 and 70.83 % (potential downside) above its 52 week low of $48.72 - based on the recent price.
Company Summary
East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.
News
| 11 favored bank stocks that still trade at cheap valuations Bank stocks have been on quite a tear as interest rates have declined. But many appear to have room to run as the cost for deposits goes down. Source: Market Watch Thu, 26 Sep 2024 09:55:00 -0400 Sentiment: Positive |
| East West Bancorp to Participate at the Barclays 22nd Annual Global Financial Services Conference PASADENA, Calif.--(BUSINESS WIRE)--East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), announced today that Dominic Ng, Chairman and Chief Executive Officer, and Christopher Del Moral-Niles, Chief Financial Officer, will participate in the Barclays 22nd Annual Global Financial Services Conference and deliver remarks during a fireside chat on Monday September 9th, 2024, at 11:15 a.m. Eastern Time in New York. Mr. Ng and Mr. Del Moral-Niles will also meet with investors and dis. Source: Business Wire Mon, 26 Aug 2024 19:21:00 -0400 Sentiment: Neutral |
| East West Bancorp: Dividend Remains The Strength, But It Is No Longer A Buy (Rating Downgrade) Loan growth expected to be low in 2024, driven by C&I and Residential loans, while CRE loans struggle. Management does not expect much from CRE loans in the coming quarters due to the uncertain macroeconomic environment. Dividend growth remains strong, but dividend yield is low; valuation suggests a hold rating due to the recent increase in share price. Source: Seeking Alpha Thu, 08 Aug 2024 00:05:18 -0400 Sentiment: Neutral |
| What Makes East West Bancorp (EWBC) a Strong Momentum Stock: Buy Now? Does East West Bancorp (EWBC) have what it takes to be a top stock pick for momentum investors? Let's find out. Source: Zacks Investment Research Fri, 26 Jul 2024 13:01:22 -0400 Sentiment: Positive |
| East West Bancorp (EWBC) Q2 Earnings Beat, Fee Income Rises East West Bancorp's (EWBC) second-quarter earnings beat estimates on the back of higher fee income, loans and deposit balances. Yet, a lower NII and higher expenses and provisions remain woes. Source: Zacks Investment Research Wed, 24 Jul 2024 11:35:19 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 89.1565 52 Week Low: 48.723 Beta: 1.288 50 Day MA: 81.1236 200 Day MA: 75.9024 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.064 Qtr Revenue Growth YOY: 0.038 Forward PE: 9.5694 Trailing PE: 10.6705