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East West Bancorp: Q1 Earnings Snapshot

PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — East West Bancorp Inc. (EWBC) on Tuesday reported first-quarter earnings of $357.8 million.

The Pasadena, California-based bank said it had earnings of $2.57 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.46 per share.

The bank holding company posted revenue of $1.16 billion in the period. Its revenue net of interest expense was $773.7 million, which also topped Street forecasts. Five analysts surveyed by Zacks expected $754.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EWBC at https://www.zacks.com/ap/EWBC

Illinois mom charged with killing toddler was closely following Lindsay Clancy trial, officials say

An Illinois woman charged with killing her 2-year-old son had been closely following the murder trial of Massachusetts mother Lindsay Clancy and was texting friends about the case just hours before her son was found dead, prosecutors said. Corie Walsh, 40, was charged with three counts of first-degree murder after her son, Barrett, was found dead in the basement of the family’s suburban Chicago home on Sept. 1, according to court records obtained by NBC Chicago. Prosecutors said Walsh had become “very invested” in Clancy’s nationally watched trial and was discussing it with friends until about 12:30 p.m. that day. A neighbor found Barrett less than four hours later. Walsh was found elsewhere in the home with injuries authorities said were self-inflicted. Prosecutors said she later told investigators that she killed her son because she believed he was the “devil” and the “anti-Christ.” Her attorney, Andrea Lyon, told reporters Walsh was experiencing a psychotic episode and called the boy’s death a tragedy for the entire family.
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