Compass Point raised the firm’s price target on East West Bancorp (EWBC) to $110 from $93 and keeps a Buy rating on the shares. The firm is raising its FY24 and FY25 core EPS forecasts to $8.30 and $9.12 from $8.16 and $8.90, respectively, saying its higher core EPS estimates reflecting stronger core net interest income and margin and stronger fee income, offset partially by higher provision and expense versus the firm’s previous estimates.
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