Published on 7 Oct 2024 on Insider Monkey · via Yahoo Finance
Is East West Bancorp, Inc. (NASDAQ:EWBC) The Best Morgan Stanley Overweight &...
We recently made a list of Morgan Stanley’s Best Overweight & Quality Stocks: Top 25 Stocks. In this piece, we will look at where East West Bancorp, Inc. (NASDAQ:EWBC) ranks on the list of the top overweight and quality stocks.
The close of September has cemented the paradigm shift on Wall Street. With the Federal Reserve’s first interest rate cut being all that investors could hope for as it reduced rates by 50 basis points, since the cut, the flagship S&P stock index and the broader NASDAQ stock index are up by 2% and 3%, respectively. The rate cut has also now moved Wall Street’s focus to the next big catalyst for the stock market, i.e, the third quarter earnings season.