Atria Wealth Solutions Sells 290 Shares of East West Bancorp, Inc
November 16, 2023
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Atria Wealth Solutions Inc. has recently disposed of 290 Shares of East West Bancorp ($NASDAQ:EWBC), Inc., a Los Angeles, California-based financial holding company. The Bank also offers online banking services to its customers.
Share Price
The stock opened at $60.3 and closed at $61.9, up by 2.8% from its previous closing price of $60.2. This sale of EWBC shares by Atria Wealth Solutions Inc. is not the first time that they have sold their holdings in the company. Despite this, analysts continue to be bullish on EWBC’s prospects and are maintaining a “buy” rating on the stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for EWBC. More…
| Total Revenues | Net Income | Net Margin |
| – | 1.26k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for EWBC. More…
| Operations | Investing | Financing |
| 2.07k | -4.58k | 2.11k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for EWBC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 68.29k | 61.69k | – |
Key Ratios Snapshot
Some of the financial key ratios for EWBC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.7% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale is proud to present our analysis of EAST WEST BANCORP. After examining the financials of the company, we have found that it is classified as a ‘gorilla’, meaning it has achieved steady and high revenue or earning growth due to its competitive advantage. EAST WEST BANCORP is especially strong in terms of growth, asset, and dividend, and earns a medium score in profitability. Furthermore, the company has a high health score of 8/10 with regard to its cashflows and debt, making it highly capable of riding out any crisis without the risk of bankruptcy. As such, EAST WEST BANCORP is an attractive investment opportunity for any investor looking for a safe and reliable way to grow their wealth. With its strong fundamentals, the company is poised to continue its impressive performance over the coming years. More…
Peers
In the banking industry, East West Bancorp Inc faces stiff competition from Bank of East Asia Ltd, Ping An Bank Co Ltd, and Postal Savings Bank Of China Co Ltd. These companies are all vying for market share in the banking industry, and each has its own strengths and weaknesses. East West Bancorp Inc has to carefully strategize in order to maintain its position in the industry.
– Bank of East Asia Ltd ($SEHK:00023)
Bank of East Asia Ltd is a Hong Kong-based banking and financial services company with a market cap of 22.31B as of 2022. The company provides a range of banking and financial services to retail, corporate, and institutional customers through its network of branches and ATMs in Hong Kong, Macau, Mainland China, Taiwan, the United Kingdom, and the United States.
– Ping An Bank Co Ltd ($SZSE:000001)
As of 2022, Ping An Bank Co Ltd has a market cap of 217.35B. The company is a leading provider of banking and financial services in China. It offers a wide range of products and services, including deposits, loans, credit cards, foreign exchange, and wealth management. The company has a strong presence in both the retail and corporate banking markets. It has a nationwide network of branches and ATMs, and a growing online and mobile banking business. The company is well-positioned to benefit from the continued growth of the Chinese economy.
– Postal Savings Bank Of China Co Ltd ($SEHK:01658)
Postal Savings Bank of China Co., Ltd. operates as a savings bank in China. The Bank offers personal savings, time deposit, and loan products, as well as foreign exchange, settlement, and other related services. Postal Savings Bank of China Co., Ltd. was founded in 2007 and is headquartered in Beijing, China.
Summary
East West Bancorp, Inc. is a financial holding company, which engages in the provision of diversified financial services. Its services include deposit products, online banking, credit and debit cards, and wealth management and brokerage services. Recently, Atria Wealth Solutions Inc. sold 290 shares of East West Bancorp, Inc., suggesting that investors may be pessimistic about the company’s prospects.
Analysts have reported mixed sentiment on East West Bancorp, with some citing the company’s strong capital position and its growing online banking platform as positives while others cautioning that its declining net interest margin could hurt its profitability in the future. Investors should closely monitor East West Bancorp’s financial performance and news to see if the company can successfully navigate the current market environment and reach its goals.
