Skip to main content

Hope Bancorp: Q2 Earnings Snapshot

LOS ANGELES (AP) — LOS ANGELES (AP) — Hope Bancorp Inc. (HOPE) on Monday reported second-quarter profit of $33 million.

The bank, based in Los Angeles, said it had earnings of 26 cents per share. Earnings, adjusted for one-time gains and costs, were 27 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The bank holding company posted revenue of $255 million in the period. Its revenue net of interest expense was $147.8 million, which also topped Street forecasts.

_____

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

California couple and their surrogate testify in Texas court as dispute over newborn escalates

DALLAS (AP) — A California couple in an escalating fight with their surrogate over a newborn with a life-threatening heart defect told a Texas court Tuesday that the child's condition has worsened and they are anguished by attempts to deny them parental rights because they previously wanted an abortion. “He's our child,” Nausheen Gilkar said, wiping away tears on the witness stand. “She's unstable,” Gilkar said of surrogate McKenna West, who was sitting across from her in the Dallas courtroom. “She's trying to take him from us.” The hearing offered the fullest public airing to date of a deepening and high-profile dispute over surrogacy and abortion that has rushed right-to-life groups and GOP officeholders to the side of West, a nurse who flew from Alaska to have the baby on Aug. 12 in Texas, where most abortions are banned.
Read Next Story