Compass Point analyst David Rochester lowered the firm’s price target on East West Bancorp to $83 from $84 and keeps a Buy rating on the shares. The firm’s lower FY24 and FY25 core EPS estimates mainly reflect lower core net interest income and net interest margin and higher expenses, partially offset by higher fee income compared to its previous estimates, the analyst tells investors.
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Read More on EWBC:
- East West Bancorp price target raised to $76 from $72 at Piper Sandler
- East West Bancorp down 4% at $70.55 after Q4 results
- East West Bancorp reports Q4 EPS ex-items $2.02, consensus $1.89
- East West Bancorp (EWBC) Q4 Earnings Cheat Sheet
- East West Bancorp price target raised by $21 at Truist, here’s why
