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Stock impact report

BofA Names East West Bancorp (EWBC) a Top Pick, Morgan Stanley Raises PT [Yahoo! Finance]

East West Bancorp, Inc. (EWBC) 
Last east west bancorp, inc. earnings: 4/23 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: eastwestbank.com
Company Research Source: Yahoo! Finance
America named its top picks in the banking sector, which included East West Bancorp, Inc. (NASDAQ:EWBC). Bank of America also set price targets for nine financial institutions based on expected earnings for fiscal year 2026 and tangible book value estimates. For East West Bancorp, Inc. (NASDAQ:EWBC), it has a price target of $140, based on a valuation of 14 times its projected fiscal 2026 earnings and 2 times tangible book value by the end of 2026. This valuation is lower than pre-pandemic medians because of increased uncertainty around earnings and returns. BofA Names East West Bancorp (EWBC) a Top Pick, Morgan Stanley Raises PT In other news, on March 2, Morgan Stanley increased its price target on East West Bancorp, Inc. (NASDAQ:EWBC) from $126 to $141 and kept its Equal Weight rating on the stock. The research firm raised its price targets for mid-cap banks by a median of 8%. Morgan Stanley pointed out that recent strong performance means “the bar is higher from here.” The Show less Read more
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