Cathay General Bancorp: Rate Cuts To Help Earnings Bounce Back Next Year

The earnings of Cathay General Bancorp (NASDAQ: CATY ) will most probably recover next year as interest rate cuts will lift the net interest margin. Moreover, subdued loan growth will support earnings. Overall, I’m expecting earnings to fall by 19% to $3.92 per share inAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opin ...