What Makes East West Bancorp (EWBC) a Strong Momentum Stock: Buy Now?

Core Viewpoint - East West Bancorp (EWBC) is currently rated with a Momentum Style Score of A, indicating strong potential for momentum investing [2][11]. Company Performance - EWBC shares have increased by 4.74% over the past week, while the Zacks Banks - West industry has risen by 6.65% during the same period [6]. - Over the past month, EWBC's price change is 21.32%, outperforming the industry's 17.8% [6]. - In the last quarter, EWBC shares rose by 15.66%, and over the past year, they have increased by 42.03%, compared to the S&P 500's gains of 7.34% and 19.81%, respectively [7]. Trading Volume - The average 20-day trading volume for EWBC is 936,419 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Estimates - In the last two months, 6 earnings estimates for EWBC have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $8.03 to $8.12 [10]. - For the next fiscal year, 7 estimates have moved higher, with 1 downward revision [10]. Investment Recommendation - Given the strong performance metrics and positive earnings outlook, EWBC is classified as a 2 (Buy) stock with a Momentum Score of A, making it a recommended pick for investors seeking short-term gains [11].