Why Bank Of Hawaii (BOH) Stock Is Popping Off
Portfolio Pulse from Henry Khederian
Bank of Hawaii Corp (BOH) shares are trading higher by 7.75% amid earnings results from several banks. The company is expected to report EPS of $1.11 on revenue of $170.17 million in its upcoming second-quarter earnings report. Bank of America, a peer bank, announced a notable year-over-year net income growth of 19% for the second quarter of FY23.
July 18, 2023 | 5:40 pm
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Bank of America announced a notable year-over-year net income growth of 19% for the second quarter of FY23, with earnings per share amounting to 88 cents, surpassing the previous year's figure of 73 cents and exceeding the consensus estimate of 84 cents.
Bank of America's positive earnings results, which exceeded consensus estimates, likely contributed to the overall positive sentiment in the banking sector, indirectly benefiting other banks like BOH. However, the direct impact on BAC's stock price is not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Bank of Hawaii Corp's stock is trading higher by 7.75% amid positive earnings results from several banks. The company's upcoming second-quarter earnings report is expected to show an EPS of $1.11 on revenue of $170.17 million.
The rise in BOH's stock price is likely due to the positive earnings results from several banks, which may have increased investor confidence in the banking sector. The upcoming earnings report from BOH could further impact the stock price, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100