Investing.com - East West Bancorp (NASDAQ:EWBC) reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
East West Bancorp announced earnings per share of $2.08 on revenue of $627.36. Analysts polled by Investing.com anticipated EPS of $2.08 on revenue of $618.92M.
East West Bancorp shares are down 9% from the beginning of the year, still down 24.09% from its 52 week high of $93.51 set on February 16.
East West Bancorp follows other major Financial sector earnings this month
East West Bancorp's report follows an earnings beat by JPMorgan on October 14, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.78 on revenue of $23.56B.
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