$East West Bancorp (EWBC.US)$🎯 2024.3.13 Current price 77.0...

New data: In 23Q4, revenue shrank by 2.82%, mainly interest expenses increased too much, profit before tax shrank 15.7% due to excessive cost growth, and profit after tax shrank 29%.

In 2023, revenue increased 10.6%, and net profit increased 2.9%. If interest rates are not cut, there may still be a period of decline in net profit, because it will take some time for low-interest loans to be converted to market interest, and the company is mainly short-term liabilities, which are close to market interest.

Currently, the price-earnings ratio is 9.4 and the dividend rate is 2.5%. The valuation is not very high, and no adjustments will be made for the time being.