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East West Bank Cranking on All Cylinders, Analysts Say.(earnings continue to increase)(Brief Article)
From:
Los Angeles Business Journal
| Date:
August 7, 2000| Author:
| COPYRIGHT 2000 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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EAST West Bancorp Inc., parent company of East West Bank, is gradually getting the attention of Wall Street. As the San Marino-based commercial bank has reported quarter after quarter of strong earnings growth, its stock price has picked up steam and has handsomely outperformed its peer group.
Since July 1999, East West's share price has risen 62.1 percent, closing at $16.31 on Aug. 1, up from about $10 a year ago. The Russell 2000 Financial Services Index, meanwhile, dropped 8.9 percent in value over this period, as small-cap stocks in general and banks in particular failed ...
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