BofA raised the firm’s price target on East West Bancorp (EWBC) to $110 from $99 and keeps a Buy rating on the shares. After a Q3 operating EPS beat, the firm raised its Q4 and FY25 EPS estimates 3.8% and 0.8%, respectively, driven by a more resilient net interest margin and modestly stronger fee revenue growth.
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Read More on EWBC:
- East West Bancorp price target raised to $104 from $91 at Stephens
- 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