East West Bancorp Inc
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Financials : Banks | Mid Cap ValueCompany profile

East West Bancorp, Inc. is a bank holding company. The Company's principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals. It operates through three segments: Retail Banking, Commercial Banking and Other. The Retail Banking segment focuses primarily on retail operations through the Bank's branch network. The Commercial Banking segment primarily generates commercial and industrial (C&I) loans and commercial real estate (CRE) loans through the domestic commercial lending operations in California, New York, Texas, Washington, Massachusetts, Nevada and Georgia, and through the foreign commercial lending operations in China and Hong Kong.

Closing Price
$38.36
Day's Change
-1.83 (-4.55%)
Bid
--
Ask
--
B/A Size
--
Day's High
40.43
Day's Low
38.21
Volume
(Average)
Volume:
929,081

10-day average volume:
935,684
929,081

UPDATE: Energy stocks lead S&P 500 sectors lower, as crude oil prices fall sharply again

9:52 am ET May 23, 2019 (MarketWatch)
Print

Energy stocks were leading the broader stock market's declines Thursday, as crude oil prices suffered a second-straight sharp selloff (http://www.marketwatch.com/story/us-oil-stumbles-to-nearly-2-month-low-as-crude-set-for-third-straight-decline-2019-05-23) amid concerns over both weaker demand and increased supply. The SPDR Energy Select Sector ETF (XLE) droppped 3.3% toward a 4 1/2-month low, and was by far the biggest decliners of the SPDR ETFs tracking the S&P 500's 11 sectors, while the S&P 500 shed 1.3%. All 29 of the ETF's (XLE) equity components were losing ground, led by shares of Hess Corp. (HES), down 6.8% and Diamondback Energy Inc. (FANG), down 6.1%. Among other more active XLE components, shares of Occidental Petroleum Corp. (OXY) gave up 2.5%, Halliburton Co. (HAL) shed 5.2%, Exxon Mobil Corp. (XOM) lost 2.4%, Chevron Corp. (CVX) shed 2.6% and Kinder Morgan Inc. (KMI) declined 1.9%. Crude oil futures dropped 4.2%, after falling 2.7% on Wednesday.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 23, 2019 09:52 ET (13:52 GMT)

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