BUZZ-Hope Bancorp inches up after bond portfolio rejig

Reuters

Jun 17, 2025

** Korean-American bank Hope Bancorp's HOPE.O shares rise as much as 0.6%; last up 0.2% at $10.07

** HOPE sells part of its investment securities portfolio to boost profitability

** Bank sold $422 million of lower-yielding investment securities and redeployed the proceeds into higher-yielding paper

** Repositioning expected to boost interest income by about $12 million annually and result in a pre-tax net loss on sales of securities of about $40 million, which will be recorded in Q2 2025

** Brokerage Piper Sandler applauds the loss trade, says it is not surprised to see the repositioning as the bank looks to support interest income growth forecast for 2025

** 1 of 4 brokerages rate the stock "buy" and 3 "hold"; median PT $11.50 - data compiled by LSEG

** As of last close, HOPE shares down 18.2% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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last up 0.2% at $10.07</p><p>** HOPE sells part of its investment securities portfolio to boost profitability</p><p>** Bank sold $422 million of lower-yielding investment securities and redeployed the proceeds into higher-yielding paper</p><p>** Repositioning expected to boost interest income by about $12 million annually and result in a pre-tax net loss on sales of securities of about $40 million, which will be recorded in Q2 2025</p><p>** Brokerage Piper Sandler applauds the loss trade, says it is not surprised to see the repositioning as the bank looks to support interest income growth forecast for 2025</p><p>** 1 of 4 brokerages rate the stock \"buy\" and 3 \"hold\"; median PT $11.50 - data compiled by LSEG</p><p>** As of last close, HOPE shares down 18.2% YTD</p><p>(Reporting by Arasu Kannagi Basil in Bengaluru)</p><p>((ArasuKannagi.Basil@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250617:nL6N3SK0RK:1","article_id":"2544899923","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544899923","pubTimestamp":1750175763,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Hope Bancorp inches up after bond portfolio rejig** Korean-American bank Hope Bancorp's HOPE.O shares rise as much as 0.6%; 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last up 0.2% at $10.07** HOPE sells part of its investment securities portfolio to boost profitability** Bank sold $422 million of lower-yielding investment securities and redeployed the proceeds into higher-yielding paper** Repositioning expected to boost interest income by about $12 million annually and result in a pre-tax net loss on sales of securities of about $40 million, which will be recorded in Q2 2025** Brokerage Piper Sandler applauds the loss trade, says it is not surprised to see the repositioning as the bank looks to support interest income growth forecast for 2025** 1 of 4 brokerages rate the stock \"buy\" and 3 \"hold\"; median PT $11.50 - data compiled by LSEG** As of last close, HOPE shares down 18.2% YTD(Reporting by Arasu Kannagi Basil in Bengaluru)((ArasuKannagi.Basil@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}