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What the Market Missed About Cathay General Bancorp's Earnings

Robert Eberhard
January 28, 2013

Yes, we know that Cathay General Bancorp (NASDAQ: CATY) reported $0.31 in earnings per share in its fourth-quarter earnings report last week. These results caused the bank's shares to retreat late last week, though it did end the week with positive monemtum. But while the market seems to be focusing on that number, it is missing what was really important in Cathay General's quarter.