Cathay General Bancorp: Reducing The EPS Estimate, But Maintaining A Hold Rating
GM(GM) Seeking Alpha·2025-01-31 04:18
I have reduced my earnings estimate for Cathay General Bancorp (NASDAQ: CATY ) partly because I have increased my provisioning expense estimate following the rapid deterioration of the asset quality. Further, I have increased the expected tax rate for 2025 as management isAnalyst’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 o ...