East West Shares Up on Strong 2Q

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Shares in East West Bancorp Inc. gained 4 percent Thursday after the company reported strong gains during the second half.


East West reported second quarter net income of $41 million, (66 cents per share) a 10 percent increase from $37 million (59 cents) from the same period a year earlier.


The Pasadena-based parent company of East West Bank also boosted its full-year earnings guidance by 11 percent to a range of $2.61 to $2.63.


Shares were up $1.53, or 4.1 percent, to $39.73 in afternoon trading Thursday on the Nasdaq. Shares are up 14 percent for the year.

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