East West Bancorp’s Short Interest Rises 8.1% in October

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East West Bancorp ($NASDAQ:EWBC), Inc. is a bank holding company. The Company’s primary business is to serve as a holding company for East West Bank . The Bank is a California state-chartered bank and a member of the Federal Reserve System. The Bank operates in the United States and Greater China.

The Bank offers a range of deposit products, including personal and business checking accounts, time deposits, money market accounts and certificates of deposit. The Bank also offers loan products to small and medium-sized businesses, professionals and individuals. The Bank’s primary lending products include commercial real estate loans, construction loans, residential mortgage loans and consumer loans.

Market Price

East West Bancorp’s short interest rose 8.1% in October, according to a report released on Tuesday. The stock has seen mostly positive news coverage so far, with the majority of analysts rating it a “buy” or “strong buy.” On Tuesday, the stock opened at $72.60 and closed at $72.00, up 0.6% from its last closing price of $71.60.

VI Analysis

However, the company is considered less stable due to lower profitability. Cheetah investors may be interested in this company for its high revenue or earnings growth potential. EAST WEST BANCORP has a high health score of 9/10, indicating that it is capable of paying off debt and funding future operations.

VI 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

Investing in East West Bancorp can be a smart move for investors looking to gain exposure to the banking sector. East West Bancorp is one of the largest banks headquartered in California, with over $30 billion in assets. The company has a strong presence in the Los Angeles market and is also expanding its operations in other parts of the state.

The company’s stock has also performed well, rising nearly 30% over the past year. Investors interested in East West Bancorp should consider the company’s strong financial track record and its growing presence in California.