Why Bank Of Hawaii (BOH) Stock Is Popping Off

Bank of Hawaii Corp BOH shares are trading higher by 7.75% to $51.89 during Tuesday's session. Bank of Hawaii shares are seeing strength amid earnings results from several banks on Tuesday.

Traders and investors will also be watching for Bank of Hawaii's second-quarter earnings report, which is confirmed for Monday before the market open. The company is expected to report EPS of $1.11 on revenue of $170.17 million.

What's Going On With Peer Banks?

Bank of America on Tuesday announced a notable year-over-year net income growth of 19% for the second quarter of FY23, reaching $7.4 billion. During the same period, earnings per share (EPS) amounted to 88 cents, surpassing the previous year's figure of 73 cents and exceeding the consensus estimate of 84 cents.

Furthermore, Bank of America's revenue exhibited an 11% year-on-year increase, reaching $25.33 billion, surpassing the analyst consensus estimate of $25.05 billion...Read More

According to data from Benzinga Pro, BOH has a 52-week high of $85.45 and a 52-week low of $30.83.