Morgan Stanley analyst Manan Gosalia maintains $East West Bancorp (EWBC.US)$ with a buy rating, and adjusts the target price from $103 to $106.
According to TipRanks data, the analyst has a success rate of 58.4% and a total average return of 10.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $East West Bancorp (EWBC.US)$'s main analysts recently are as follows:
Interest rate reductions are underway, with expectations of a significant reduction in rates by mid-2025. Modelling the trajectory for net interest margins (NIM) can present challenges; however, typically, a quicker pace of rate cuts tends to benefit the NIM of mid-sized banks, though the impact on larger banks is more varied.
The view is that although rate cuts, assuming no recession follows, will generally benefit banks, there will be challenges in terms of net interest income and credit uncertainty continuing through the end of the year.
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