Jul. 23 at 1:48 PM
$EWBC beats earnings, but is it enough? 🤔
East West Bancorp posted a Q2 EPS of
$2.28, surpassing the Zacks Consensus Estimate of
$2.23, with net interest income up 11.5% from the prior-year quarter and loan balances rising 1.3% sequentially in the quarter. However, higher provisions and expenses pose challenges. 📈💼
Full breakdown here 👉 https://www.zacks.com/stock/news/2607977/east-west-bancorp-q2-earnings-top-on-higher-nii-non-interest-income?cid=sm-stocktwits-2-2607977-body-3281&ADID=SYND_STOCKTWITS_TWEET_2_2607977_BODY_3281