On Oct 24, major Wall Street analysts update their ratings for $East West Bancorp (EWBC.US)$, with price targets ranging from $95 to $110.
Morgan Stanley analyst Manan Gosalia maintains with a buy rating, and maintains the target price at $106.
BofA Securities analyst Ebrahim Poonawala maintains with a buy rating, and adjusts the target price from $90 to $110.
Citi analyst Ben Gerlinger maintains with a buy rating, and adjusts the target price from $87 to $109.
Barclays analyst Jared Shaw maintains with a buy rating, and adjusts the target price from $108 to $110.
Wells Fargo analyst Timur Braziler maintains with a buy rating, and adjusts the target price from $97 to $105.
Furthermore, according to the comprehensive report, the opinions of $East West Bancorp (EWBC.US)$'s main analysts recently are as follows:
Following a Q3 operating EPS surpassing expectations, estimates for Q4 and FY25 EPS have been increased, attributed to a more robust net interest margin and a slightly more vigorous fee revenue growth.
The bank's third-quarter outcomes and future growth projections have surpassed expectations. It is noted that despite anticipations for moderately subdued growth in the forthcoming quarters, the bank's asset-sensitive balance sheet is poised to maintain the net interest margin around the present figures.
Spot rates on deposits and favorable balance sheet trends underpin the bank's net interest income prospects, while management is focused on enhancing capital to leading industry levels.
East West Bancorp experienced a solid quarter and has reaffirmed its guidance for FY24. The company witnessed deposit growth that surpassed expectations, primarily fueled by interest-bearing deposits.
East West Bancorp's recent performance, characterized by a net interest income beat and an improved Q4 guide, has led to a positive outlook on earnings per share for 2025/26. The company is noted for providing excellent value when considering its profitability, excess capital, and growth potential.
Here are the latest investment ratings and price targets for $East West Bancorp (EWBC.US)$ from 10 analysts:
Note:
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