Friday marks the last chance for investors to receive the next dividend payout from Cathay General (NASDAQ: CATY ). What''s Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 34 cents per share. On Monday, Cathay General will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the … Full story available on Benzinga.com
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Cathay General Bancorp (NASDAQ:CATY) declares $0.34/share quarterly dividend, in line with previous.Forward yield 3.01%Payable Sept. 9; for shareholders of record Aug. 30; ex-div Aug.
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The majority of Cathay General Bancorp''s loan book appears to be low-risk with a 52-55% average LTV ratio. See why I''m bullish on CATY stock.
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https://www.investing.com/news/pro/cathay-general-bancorp-pt-lowered-to-44-at-stephens-432SI-2853819
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CATY earnings call for the period ending June 30, 2022.
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Cathay General Bancorp (NASDAQ:NASDAQ:CATY) Q2 2022 Earnings Conference Call July 25, 2022, 06:00 PM ET Company Participants Georgia Lo - IR Chang Liu - President and CEO Heng Chen - EVP…
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Cathay General Bancorp press release (NASDAQ:CATY): Q2 GAAP EPS of $1.18 beats by $0.01.Revenue of $189.78M (+18.2% Y/Y) beats by $5.25M.
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LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, “we”, “us”, or “our”) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended June 30, 2022. The Company reported net income of $89.0 million, or $1.18 per share, for the second quarter of 2022. FINANCIAL PERFORMANCE Three months ended (unaudited) June 30, 2022 March 31, 2022 June 30, 2021 Net income $89.0 million $75.0 million $77.2 million Basic earnings per
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Cathay General (NASDAQ: CATY ) is set to give its latest quarterly earnings report on Monday, 2022-07-25. Here''s what investors need to know before the announcement. Analysts estimate that Cathay General will report an earnings per share (EPS) of $1.17. Cathay General bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for … Full story available on Benzinga.com
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LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its second quarter 2022 financial results after the markets close on Monday, July 25, 2022. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Monday, July 25, 2022 Time: 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) Dur
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This year marks Cathay Bank’s 60th Anniversary. Founded in 1962 in Los Angeles Chinatown, the bank’s initial focus was to serve the growing and underserved Chinese American community in Los Angeles. Cathay Bank became a publicly traded company, through its holding company Cathay General Bancorp, on Nasdaq in 1990, and by 1999, the bank had expanded its footprint to the East Coast. Today, Cathay
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Cathay General (CATY) notifies that its board has adopted a new share repurchase program authorizing the company to repurchase up to $125M of the company''s common stock
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LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, Nasdaq: CATY), the holding company for Cathay Bank, announced that its Board of Directors has adopted a new share repurchase program authorizing the Company to repurchase up to $125,000,000 of the Company’s common stock. The previous $125,000,000 share repurchase program announced on September 2, 2021, was completed on February 18, 2022, with the repurchase of 2,858,503 shares at an average cost of $43.73. The share repurchase
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SAN FRANCISCO: HSBC announced that it is exiting the retail and small business banking market in the United States, in line with its strategy to refocus on corporate and investment banking in Asia. The London-headquartered, Asia-focused giant intends to focus on the banking and wealth management needs of globally connected affluent and high net worth clients, it said in a statement late Wednesday. Of its 148 US branches, 90 are to be sold, including to Citizens Bank and Cathay General Bancorp. The bank plans to turn about 20 locations into international centres dedicated to high net worth individuals, and gradually wind down the remaining 35-40 branches. They are good businesses, but we lacked the scale to compete, said Noel Quinn, the groups chief executive, in the statement. This next chapter of HSBC''s presence in the US will see the team focus on our competitive strengths, connecting our global wholesale and wealth management clients to other markets around the world. HSBC had announced earlier this year that it intended to restructure its US retail and small business operations.
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British multinational investment bank HSBC (NYSE:HSBC) has announced that it is shutting down its retail banking services in the U.S. after years of compounding losses. The move to exit the U.S. was long-awaited as the global lender increasingly focuses its business on Asia, its biggest market. Europe''s biggest bank has for years been trying to shrink its presence in some European and North American markets where it has struggled against competition from larger domestic players. The bank said in a statement that it would exit retail banking for most individual and small business customers but retain a small physical presence in the U.S. to serve its international and wealthy clients. The bank currently has a U.S. network of 148 branches. HSBC is also seeking to sell its French retail banking operations as part of the same strategy and has entered final negotiations to sell that business to private equity firm Cerberus. Citizens Bank, part of Citizens Financial Group, has agreed to buy HSBC''s east coast personal and small business banking business including 80 branches, and Cathay Bank, a unit of Cathay General Bancorp, has agreed to buy its west coast business including 10 branches, according to HSBC.
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Tp oàn tài chính a quc gia HSBC (Vng quc Anh) ngày 26/5 thông báo rng h s rút khi th trng tài chính bán l và doanh nghip nh M, phù hp vi chin lc tái tp trung vào tài chính doanh nghip và u t châu Á ca tp oàn này. Trong tuyên b mi nht, ngi khng l ngành tài chính có tr s ti London d nh tp trung vào nhu cu tài chính và qun lý tài sn ca nhóm khách hàng giàu có, giá tr ròng cao và nhiu kt ni trên toàn cu. Trong s 148 chi nhánh ti M, HSBC s bán i 90 chi nhánh bao gm c Ngân hàng Citizens Bank và Cathay General Bancorp. HSBC có k hoch bin khong 20 a im thành các trung tâm quc t dành riêng cho các cá nhân có khi tài sn ròng cao, cng nh thu hp dn 35-40 chi nhánh còn li. Hi u nm nay, HSBC ã thông báo d nh tái cu trúc các hot ng bán l và tài chính doanh nghip nh ca mình ti M. Ông Noel Quinn, Giám c iu hành ca HSBC, cho bit nhng chi nhánh này u có hot ng kinh doanh tt, nhng li không có quy mô ln cnh tranh.
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London-headquartered HSBC is to exit its US retail and small business banking market in a strategic move to focus more heavily on its main corporate and investment banking presence across Asia. The bank said in a statement towards the end of Wednesday 26 May it would exit retail banking for most individual and small business customers but retain a small physical presence in the US to serve its international affluent and very wealthy clients. Ninety of its 148 US branches are to be sold with HSBC talking to Citizens Bank and Cathay General Bancorp among others about a deal which will be subject to regulatory approvals. HSBC said it planned to turn about 20 locations into international centres for high-net worth individuals, and wind down the remaining 35-40 branches. "They are good businesses, but we lacked the scale to compete," Noel Quinn, HSBC group CEO, said in the statement. "This next chapter of HSBC''s presence in the US will see the team focus on our competitive strengths, connecting our global wholesale and wealth management clients to other markets around the world.
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LOS ANGELES, May 17, 2021 /PRNewswire/ -- Cathay General Bancorp (Nasdaq: CATY) announced that its Board of Directors declared a cash dividend of thirty-one cents per common share, payable on June 7, 2021, to stockholders of record at the close of business on May 28, 2021. ABOUT CATHAY
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State of New Jersey Common Pension Fund D lowered its position in shares of Cathay General Bancorp (NASDAQ:CATY) by 9.2% during the first quarter, Holdings Channel.com reports. The firm owned 84,525 shares of the banks stock after selling 8,545 shares during the quarter. State of New Jersey Common Pension Fund Ds holdings in Cathay General []
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Cathay General Bancorp shares closed today at just slightly below its 52 week high of $44.94, giving the company a market cap of $3B. The stock is currently up 40.7% year-to-date, up 103.1% over the past 12 months, and up 78.6% over the past five years. This week, the Dow Jones Industrial Average rose 4.1%, and the S&P 500 rose 2.7%. Trading Activity Trading volume this week was 2.6% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.4. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 28.9% The company's stock price performance over the past 12 months beats the peer average by 37.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -22.4% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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LOS ANGELES, Jan. 27, 2021 /PRNewswire/ -- Cathay General Bancorp (the "Company", "we", "us", or "our" NASDAQ: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter and year ended December 31, 2020. The Company reported net income of…
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LOS ANGELES , Jan. 12, 2021 /PRNewswire/ -- Cathay General Bancorp (NASDAQ: CATY ), the holding company for Cathay Bank, is scheduled to announce its fourth quarter and full year 2020 financial results after the markets close on Wednesday, January 27 , 2021. … Full story available on Benzinga.com
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LOS ANGELES , Oct. 26, 2020 /PRNewswire/ -- Cathay General Bancorp ((the ", Company", , ", we", , ", us", , or ", our", NASDAQ: CATY ), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended September 30 , 2020. The Company reported net income of $56.8 million , or $0.71 per share, for the third quarter of 2020. FINANCIAL PERFORMANCE Three months ended (unaudited) September 30, 2020 June 30, 2020 September 30, 2019 Net income $56.8 million $54.3 million $72.8 million Basic earnings per common share $0.71 $0.68 $0.91 Diluted earnings per common share $0.71 $0.68 $0.91 Return on average assets 1.18% 1.15% 1.65% Return on average total stockholders' equity 9.53% 9.31% 12.98% Efficiency ratio 51.53% 44.82% 41.67% THIRD QUARTER HIGHLIGHTS The net interest margin of 3.02% during the third quarter of 2020 is unchanged from the second quarter of 2020. The provision for loan losses decreased to $12.5 million for the third quarter of 2020 compared to $25.0 million for the second quarter of 2020. "For the third quarter of 2020, our net interest margin was 3.02%, unchanged from the second quarter of 2020 while our net interest income for the third quarter increased to $137.5 million compared to $134.5 million for the second quarter of 2020 on higher average earning assets," commented Chang M.
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Cathay General Bancorp announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
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LOS ANGELES, Oct. 8, 2020 /PRNewswire/ -- Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its third quarter 2020 financial results after the markets close on Monday, October 26, 2020. Cathay General Bancorp has scheduled a conference…
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Cathay General Bancorp (NASDAQ:CATY) Q2 2020 Earnings Conference Call July 27, 2020 06:00 PM ET Company Participants Georgia Lo - IR Pin Tai - CEO Chang Liu - President and COO Heng Chen - EVP and CFO Conference Call Participants Michael Young - SunTrust Chris McGratty - KBW Lana Chan - BMO Capital Markets Matthew Clark - Piper Sandler David Chiaverini - Wedbush Securities Gary Tenner - D.A.
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The following slide deck was published by Cathay General Bancorp in conjunction with their 2020 Q2 earnings call.
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Cathay General Bancorp (NASDAQ:CATY): Q2 GAAP EPS of $0.68 beats by $0.13. Revenue of $150.08M (-3.9% Y/Y) beats by $4.84M. Press Release
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LOS ANGELES, July 9, 2020 /PRNewswire/ -- Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its second quarter 2020 financial results after the markets close on Monday, July 27, 2020. Cathay General Bancorp has scheduled a conference call…
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Cathay (CATY) delivered earnings and revenue surprises of -11.94% and 0.10%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
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LOS ANGELES, April 27, 2020 /PRNewswire/ -- Cathay General Bancorp (the "Company", "we", "us", or "our" NASDAQ: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended March 31, 2020. The Company reported net income of $46.9…
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LOS ANGELES, April 16, 2020 /PRNewswire/ -- Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its first quarter 2020 financial results after the markets close on Monday, April 27, 2020. Cathay General Bancorp has scheduled a conference…
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Cathay General Bancorp (NASDAQ:CATY) Q4 2019 Earnings Conference Call January 22, 2020 6:00 PM ET Company Participants Georgia Lo – Investor Relations Pin Tai –
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Cathay General Bancorp (NASDAQ:CATY): Q4 GAAP EPS of $0.84 beats by $0.01. Revenue of $149.86M (-4.1% Y/Y) misses by $2.62M. Press Release
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LOS ANGELES, Jan. 22, 2020 /PRNewswire/ -- Cathay General Bancorp (the "Company", "we", "us", or "our" NASDAQ: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter and year ended December 31, 2019. The Company reported net income of…
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Cathay General Bancorp (CATY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings.
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Cathay (CATY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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LOS ANGELES, Jan. 10, 2020 /PRNewswire/ -- Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its fourth quarter and full year 2019 financial results after the markets close on Wednesday, January 22, 2020. Cathay General Bancorp has…
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Cathay General Bancorp (NASDAQ:CATY) Director Jane H. Jelenko sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $37.13, for a total transaction of $185,650.00. The sale was disclosed in a document filed with the SEC, which is accessible through […]
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Is Cathay General (CATY) a great pick from the value investor's perspective right now? Read on to know more.
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Cathay (CATY) delivered earnings and revenue surprises of 3.41% and 0.85%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
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Cathay (CATY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cathay General (CATY) have what it takes? Let's find out.
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CATY earnings call for the period ending June 30, 2019.
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Cathay (CATY) delivered earnings and revenue surprises of 4.65% and 1.33%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
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Cathay (CATY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cathay General (CATY) have what it takes? Let's find out.
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CATY earnings call for the period ending March 31, 2019.
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Cathay (CATY) delivered earnings and revenue surprises of 2.47% and 2.05%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
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