East West Bancorp Shares Slip in Holiday Week
East West Bancorp closed at $122.54 Friday, down 0.4% for the day and 0.5% for the holiday-shortened week, underperforming regional-bank peers. The bank reported record Q1 loans and deposits, but investors weighed interest-rate risks and rising deposit costs. The SPDR S&P Regional Banking ETF gained 0.3% for the week. U.S. markets were closed Monday for Memorial Day.