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East West Bancorp Inc (EWBC.O)

EWBC.O on Nasdaq

53.81USD
17 Feb 2017
Change (% chg)

$-0.31 (-0.57%)
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$54.12
Open
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Volume
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Wed, Jan 25 2017

BRIEF-East West Bancorp reports Q4 earnings per share of $0.76

* East West Bancorp reports record net income for full year 2016 of $431.7 million and diluted earnings per share of $2.97, both up 12% from prior year

A

Fitch Affirms East West Bancorp's IDRs at 'BBB/F2'; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, January 23 (Fitch) Fitch Ratings has affirmed East West Bancorp, Inc.'s (EWBC) ratings at 'BBB/F2' reflecting its solid earnings profile, good asset quality, and a distinctive franchise. This is primarily offset by historically strong loan growth, which has not fully seasoned, and a regulatory agreement regarding BSA compliance. The Rating Outlook is Stable. The rating action follows a periodic review of the midtier region

BRIEF-East West Bancorp sees FY 2016 earnings per share $2.91 to $2.93

* East West Bancorp reports net income for third quarter 2016 of $110 million, and diluted earnings per share of $0.76, both up 7% from prior quarter

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