East West Reports 16 Percent Rise in Third-Quarter Earnings

Summary


4:58 p.m. PASADENA - In a climate where many banks are weathering heavy declines, East West Bancorp Inc. reported a 16 percent rise in its third-quarter earnings.

The holding company for East West Bank reported Thursday that its net income rose to $41.3 million, or 67 cents per share, compared with $35.6 million, or 58 cents per share, during the same period in 2006.

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East West Reports 16 Percent Rise in Third-Quarter Earnings

Analysts polled by Thomson Financial, on average, forecast earnings of 64 cents per share for the quarter.

Dominic Ng, the bank's president and CEO, p...

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