Stephens analyst Andrew Terrell raised the firm’s price target on East West Bancorp (EWBC) to $104 from $91 and keeps an Overweight rating on the shares. A better-than-expected pace of repricing in Q3 and thus far in Q4, as well as stronger-than-anticipated balance sheet growth, helped translate to a reiteration of the company’s net interest income guidance, notes the analyst, whose forecasts now assume NII is relatively stable quarter-over-quarter into Q4 and raised the firm’s 2025 operating EPS view by 8% to $8.75 following the quarter.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EWBC:
- East West Bancorp price target raised to $107 from $100 at DA Davidson
- East West Bancorp price target raised to $110 from $100 at Wedbush
- East West Bancorp price target raised to $101 from $93 at Truist
- East West Bancorp price target raised to $95 from $87 at Piper Sandler
- East West Bancorp price target raised to $105 from $97 at Wells Fargo