Financial PerformanceEWBC reported stronger-than-expected financial results with adjusted EPS outperforming estimates, driven by robust pre-provision net revenue and lower credit provisioning costs.
Share Buyback And Dividend IncreaseEWBC's commitment to shareholder returns is evident through the significant share buyback and a 15% increase in the quarterly dividend, offering a solid yield.
ValuationEWBC's stock appears undervalued in the market, trading at a lower P/E ratio compared to its peers, which could signal a buying opportunity for value investors.