Quick Take. The stock of Eastern BankShares, the holding company which owns Eastern Bank, jumped more than 20 percent in its first day of trading Thursday … Fix it up while rates are down. Shares in Eastern Bank’s holding company will hit the market on Thursday after the Boston-based lender raised $1.8 billion through its initial public offering. Barron's also provides information on historical stock ratings, target prices, company earnings, market valuation and more. View the latest Eastern Bank Ltd. (EBL) stock price, news, historical charts, analyst ratings and financial information from WSJ. Copyright © 2021 MarketWatch, Inc. All rights reserved. Intraday data delayed at least 15 minutes or per exchange requirements. The platform should provide the latest information available. Tax preparers have tips to help you qualify, Gov. AmarStockEastern Bank Ltd. (EBL) Company Information. The Onshore Banking segment deals with the full range of commercial banking products and services offered by four different business units: Corporate, SME, Consumer Banking and Treasury. EBL | Complete Eastern Bank Ltd. stock news by MarketWatch. The bank, established in 1818, plans to raise $1.3 billion to $1.7 billion through an initial public offering (IPO) this year, according to a regulatory filing. Company profile page for Eastern Bank Corp including stock price, company news, press releases, executives, board members, and contact information Eastern has typically donated 10% of its profits each year, a high percentage for any kind of company. Rates as low as 6.99% APR. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Currency in USD, Trade prices are not sourced from all markets. Confirm your payment details. Take advantage of historically low home equity rates and no appraisal fee for a limited time with an Eastern FlexEquity® Account. corporate advisory, merger & acquisition, corporate restructuring etc. (Eastern reported $135 million in net income last year, on $594 million in revenue.) Founded in 1818, Boston-based Eastern Bank has more than 110 locations serving communities in eastern … The latest price was USD$17.92 (25 minute delay). Stimulus checks and vaccinations help boost U.S. consumer sentiment to post-pandemic high, Price targets on cruise-line stocks get a boost on evidence of pent-up demand. As a testament to this commitment, and as part of the conversion, Eastern will make a one-time stock donation to the Eastern Bank Charitable Foundation (EBCF). The company financial products and services, personal and commercial banking, trade services, cash management, treasury, securities and custodial services. The EBL Securities Ltd segment buys sells and deals in shares, debentures and other securities on behalf of customers and does margin lending etc. This browser is no longer supported at MarketWatch. At this level, Eastern also trades at a price-to-earnings multiple of roughly 20. Eastern Bankshares, Inc. is the stock holding company for Eastern Bank. The company offers interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and … Eastern Bank, the U.S.'s largest mutual savings bank, plans to go public, the Boston-based firm announced Thursday. The EBL Asset Management Ltd segment carries out business on asset management, portfolio management, capital market operation, equity investment, financial services i.e. View real-time stock prices and stock quotes for a full financial overview. Eastern Bankshares, Inc. will be the stock holding company for Eastern Bank upon the completion of the offering and the conversion. Founded in 1818, Boston-based Eastern Bank has approximately $14 billion in assets and more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. Business Description. Eastern Bankshares, Inc (EBC) is a leading banks-regional business based in the US. Search the platform for stock code: EBC in this case. Eastern Bankshares, Inc. will be the stock holding company for Eastern Bank upon the completion of the offering and the conversion. The newly public Eastern Bankshares (NASDAQ: EBC) just released its third-quarter earnings results, and they're one more reason I'm bullish on this $14 billion asset bank. View the real-time EBC price chart on Robinhood and decide if you want to buy or sell commission-free. What Could Come Next. ‘No peace’ for markets until 10-year Treasury yield hits 2%, strategist says, The 730-day presidency?Haunted by 2009, Democrats see delay as Republicans’ plan, Is your income just over the threshold for the $1,400 stimulus check? Cookie Notice (). Historical and current end-of-day data provided by FACTSET. As a testament to this commitment, and as part of the conversion, Eastern will make a one-time stock donation to the Eastern Bank Charitable Foundation (EBCF). This suggests that the stock has a possible downside of 13.9%. Find the latest Eastern Bankshares, Inc. (EBC) stock quote, history, news and other vital information to help you with your stock trading and investing. © 2021 Verizon Media. The company expects to raise between $1.3 billion and $2.0 billion by offering shares in connection with its conversion from a mutual holding company into a publicly traded stock … Privacy Notice, and Founded in 1818, Boston-based Eastern Bank has approximately $14 billion in assets and more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. Eastern Bankshares has filed to raise $1.8 billion in an IPO of its common stock, according to an S-1 registration statement.The firm operates a network of community bank … Eastern Bank Ltd is a commercial bank. Change the date range, see whether others are buying or selling, read news, get earnings results, and compare Eastern Bank against related stocks people have also bought. That means the bank's book value is somewhere around $17.50 per share ($17.50 x 0.57 = ~$10) in this range. Eastern Bank is a bank based in Boston, Massachusetts.Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts. By using this site you agree to the All quotes are in local exchange time. Eastern Bank, America's largest mutual savings bank, is going public in what could be a $2 billion IPO. View real-time stock prices and stock quotes for a full financial overview. For financial reporting, their fiscal year ends on December 31st. The Offshore Banking segment includes loans, deposits and other transactions and balances in freely convertible currencies with eligible corporate customers. Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqGS - NasdaqGS Real Time Price. Something went wrong while loading Watchlist. On average, they expect Eastern Bankshares' share price to reach $15.75 in the next twelve months. Notice on a daily chart how the fund for small caps sought buying support at its rising 50-day moving average. For when you've had your fill of high-interest debt. During the day the price has varied from a low of USD$17.63 to a high of USD$18.27. Create a list of the investments you want to track. Have Watchlists? It's a GOOD time for an Eastern Personal Loan. Eastern Bankshares provides commercial banking products and services primarily to retail, commercial, and small business customers. With 95 branches, Eastern had a 3.2% market share in Massachusetts in 2016. For the best MarketWatch.com experience, please update to a modern browser. Eastern Bank also announced that the registration statement for the sale of the Company’s common stock has been declared effective by the Securities and Exchange Commission. All rights reserved. Eastern Bankshares, Inc. will be the stock holding company for Eastern Bank upon the completion of the offering and the conversion. China's Regulators Punished Tech Giants. Research Eastern Bankshares shares. It operates its business through the following segments: Onshore Banking, Offshore Banking, EBL Securities Ltd, EBL Investments Ltd, EBL Finance (HK) Ltd, and EBL Asset Management Ltd. Eastern Bank Ltd. provides commercial and retail banking services. View analysts' price targets for Eastern Bankshares or view top-rated stocks among Wall Street analysts. The EBL Finance (HK) Ltd segment deals with trade finance and off-shore banking business in Hong Kong. EBC | Complete Eastern Bankshares Inc. stock news by MarketWatch. Their forecasts range from $14.00 to $19.00. Eastern Bankshares, Inc. is regulated by the U.S. Security and Exchange Commission and incorporated in the state of Massachusetts. Visit a quote page and your recently viewed tickers will be displayed here. It opened the day at USD$18.12 after a previous close of USD$17.88. Cuomo says politicians asking him to resign are ‘reckless and dangerous’, Idaho ends Powerball participation because Australia might use some of the revenue for anti-gun measures, Congress puts Google, Facebook in its sights in effort to bolster local news. Eastern Bankshares, Inc is primarely in the business of savings institution, federally chartered. You'll need to fund your account with a bank transfer, debit card or credit card. The EBL Investments Ltd segment offers all kinds of merchant banking activities i.e. Berkshire Hills' stock is down by about 69% year to date. Oct 14, 2020, 8:34pm EDT. You'll need your ID, bank details and national insurance number. Eastern joins 767 major U.S. businesses that also earned top marks this year, including 48 Massachusetts-based companies. If you want to know who really controls Eastern Bankshares, Inc. ( NASDAQ:EBC ), then you'll have to look at the makeup... For the eighth consecutive year, Eastern Bank, including its Eastern Insurance Group subsidiary, is pleased to announce that it received a score of 100 on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality. Log in to see them here or sign up to get started. Corporate and stock market News & information of Eastern Bank Ltd. (EBL). There are currently no items in this Watchlist. Get today's Eastern Bank Ltd stock price and latest ENBK news as well as Eastern Bank real-time stock quotes, technical analysis, full financials and more. issue management, underwriting, portfolio management and other transactions. Intraday Data provided by FACTSET and subject to terms of use. Brookline's stock is off by about 47%, and the bank is trading below both book value and tangible book value. Profile of Eastern Bank Ltd. (EBL). Subscriber Agreement & Terms of Use, About EBC. View today's stock price, news and analysis for Eastern Bank Ltd. (EBL). Eastern Bank was founded on August 8, 1992 and is headquartered in Dhaka, Bangladesh.
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