EWBC Stock Summary and Trading Ideas (East West Bancorp | NASDAQ:EWBC)

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 in entering new markets. Most of its earning assets are in loans held for investment.

East West Bancorp trades on the NASDAQ stock market under the symbol EWBC.

As of April 19, 2024, EWBC stock price climbed to $72.84 with 833,197 million shares trading.

EWBC has a beta of 1.45, meaning it tends to be more sensitive to market movements. EWBC has a correlation of 0.23 to the broad based SPY ETF.

EWBC has a market cap of $10.13 billion. This is considered a Large Cap stock.

Last quarter East West Bancorp reported $575 million in Revenue and $2.02 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.13.

In the last 3 years, EWBC stock traded as high as $93.51 and as low as $33.86.

The top ETF exchange traded funds that EWBC belongs to (by Net Assets): VTI, IJH, VB, SCHD, RDVY.

EWBC has outperformed the market in the last year with a price return of +41.2% while the SPY ETF gained +21.6%. EWBC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.8% and -2.9%, respectively, while the SPY returned +4.6% and -3.2%, respectively.

EWBC support price is $70.63 and resistance is $72.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EWBC stock will trade within this expected range on the day.