36.25 +0.23 (0.64%)
After hours: 5:09PM EDT
|Bid||35.68 x 800|
|Ask||37.41 x 1300|
|Day's range||35.67 - 37.23|
|52-week range||22.55 - 51.88|
|Beta (5Y monthly)||2.02|
|PE ratio (TTM)||8.02|
|Earnings date||16 Jul 2020 - 20 Jul 2020|
|Forward dividend & yield||1.10 (3.08%)|
|Ex-dividend date||01 May 2020|
|1y target est||34.80|
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.
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.
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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%.
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.
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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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 announced that its Board of Directors (the "Board") authorized the repurchase of up to $500 million of East West’s common stock, par value $0.001 per share (the "Repurchase Program"). This $500 million repurchase authorization is inclusive of the Company’s $100 million stock repurchase authorization currently outstanding.
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