Reports Q3 revenue $778M, consensus $725.86M. “I am proud to report East West’s record-breaking financial results for the third quarter,” said Dominic Ng, Chairman and CEO. “We earned record levels of revenue, net income, and earnings per share. Record net interest income was fueled by deposit-led growth, while higher fee income was driven by notable strength in wealth management, lending, and deposit account fees,” said Ng.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EWBC:
- Is EWBC a Buy, Before Earnings?
- Closing Bell Movers: CSX gains over 2% on earnings beat; OZK slips on miss
- East West Bancorp price target raised to $112 from $110 at Truist
- East West Bancorp price target raised to $145 from $140 at Barclays
- East West Bancorp price target raised to $126 from $111 at Morgan Stanley