StoneX starts coverage of Cathay General Bancorp stock at Hold

Published on 10/02/2026 at 19:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

StoneX initiated a Hold rating on September 24, 2026. Cathay General Bancorp stock costs EUR 53.75 versus EUR 53.25, plus 0.94 percent.

CATY, US1491501045, Illustration mit AI erstellt.

Cathay General Bancorp (ISIN US1491501045) was trading at EUR 53.75 at Lang & Schwarz on October 2, 2026 at 7:16 p.m. CEST, up 0.94 percent versus the prior close of EUR 53.25. According to Nasdaq on September 24, 2026, StoneX initiated coverage with a Hold recommendation.

StoneX highlights deposit costs

The StoneX view, reported by Nasdaq, cited Cathay General Bancorp's above-average profitability and capacity for share repurchases. The same report identified a relatively high-cost deposit base and a modest growth profile as offsets to those strengths.

Second-quarter earnings beat estimates

MarketBeat reported that Cathay General Bancorp earned USD 1.37 in earnings per share in the second quarter of 2026, versus USD 1.35 expected. Revenue reached USD 221.20 million versus USD 218.28 million expected, while revenue increased 13.10 percent from the second quarter of 2025.

The earnings comparison gives the Hold rating a useful counterpoint. Cathay General Bancorp also reported a 24.66 percent net margin and an 11.71 percent return on equity for the quarter, according to MarketBeat.

Stock stays below yearly high

On Nasdaq, CATY was last at USD 60.44 on October 2, 2026 at 1:23 p.m. ET. Its market capitalization was USD 4.1 billion, while the 52-week range stood at USD 44.57 to USD 65.26. The next earnings date is scheduled for October 19, 2026, according to Nasdaq.

After-hours price at EUR 53.75

Cathay General Bancorp was trading at EUR 53.75 at Lang & Schwarz on October 2, 2026 at 7:16 p.m. CEST, plus 0.94 percent versus the Lang & Schwarz prior close of EUR 53.25 on October 1, 2026.