Hope Bancorp's Progress Is Great, But It Does Not Justify An Upgrade Yet

2026-02-23 05:15:23 ET

Whenever I write a company a ‘hold,’ I am making the claim that the stock should perform more or less along the lines of the market moving forward. Sometimes, I am wrong. But other times, I am as close to right as you could hope. Speaking of hope, a great example of me being pretty darn close to accurate in my assessment involves Hope Bancorp ( HOPE ) , a bank with a market capitalization today of $1.56 billion. In my first and only article about the institution, published back in October of 2023, I acknowledged that shares looked cheap. I was also interested in the company's business model, with an emphasis on the Korean population. But at the end of the day, I believed that, because of how the stock was valued, it justified no better than a ‘hold’ rating....

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