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AI Trading NASDAQ Tue, 25 Apr
Dear Reader,
Today, we are featuring EWBC: East West Bancorp Inc. If you traded with our AI strategy between 2020-06-08 to 2022-12-02, you could have potentially earned a return of 178.61%. The average gain per trade was 59.54% and it was held in the long position for 277.0 days, with a total of 3.0 positions taken over the period.
Our prediction model suggests that EWBC is a STRONGBUY since 2023-04-24 with a price target of 53.441538461538464. This prediction is based on a model with an accuracy of 0.7 in predicting an upward trend in the following 2 weeks, historically.
East West Bancorp Inc (EWBC) is a financial holding company that provides a variety of banking, financing and investing services to customers in the United States. It operates through three main segments: Community Banking, International Banking and Wealth Management. The Community Banking segment offers retail banking services, including consumer and business loans and deposits. The International Banking segment provides corporate, trade finance and correspondent banking services. The Wealth Management segment offers trust and estate services, wealth planning, investment and insurance services. EWBC has a network of more than 130 full-service branches located throughout California, Georgia, Nevada, New York, Texas, and Washington.
East West Bancorp Inc is a financial holding company based in California. It provides various banking and financial services, including personal banking, business banking, commercial banking, mortgage banking and wealth management services. The company’s stock is traded on the NASDAQ Global Market under the symbol “EWBC”.
The company’s share price has been volatile in 2020, as it has been impacted by the coronavirus pandemic and the uncertainty in the global economy. In the first quarter of 2020, the stock saw a sharp decline in its share price, as it dropped from around $55 per share in January to a low of around $28 per share in March. Since then, the share price has recovered somewhat, and currently trades at around $37 per share.
The company’s performance in the second quarter was strong, as it reported a net income of $1.2 billion and a return on equity of 13.2%. Additionally, the company’s loan portfolio is diversified, with a focus on commercial real estate loans and consumer banking. This has helped East West Bancorp Inc to remain profitable during the pandemic.
Looking ahead, analysts expect the company’s share price to
East West Bancorp Inc is a financial services holding company based in Los Angeles, California, that primarily serves the growing multi-ethnic population in the United States. The company’s operating subsidiaries provide a wide range of financial products and services, including commercial banking, retail banking, and investment products.
Overall, East West Bancorp Inc has had a solid performance in recent years. The company has seen steady growth in its total assets, total loans, and total deposits over the past five years. The company has also seen a steady increase in net income since 2016. Its return on equity has been very strong in recent years, averaging around 10%. Its dividend payout ratio has also been very strong, indicating that the company is committed to returning value to its shareholders. Additionally, the company has a strong capital position, with a Tier 1 leverage ratio of 9.3% and a Tier 1 common equity ratio of 11.9%. In summary, East West Bancorp Inc has had a strong performance in recent years, and is well-positioned to continue its growth in the future.
| Date | Symbol | Prediction | Model Accuracy | Price Target |
|---|---|---|---|---|
| 2023-04-24 | EWBC | STRONGBUY | 0.7 | 53.441538 |
| 2023-04-20 | EWBC | MEDIUMBUY | 0.7 | 55.640000 |
| 2023-04-03 | EWBC | WEAKBUY | 0.7 | 55.718333 |
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The Third Perspective Team
