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UPDATE: Credit Suisse Initiates East West Bancorp at Outperform on Dividend, Buyback

Related EWBC
Earnings Scheduled For October 20, 2014
Benzinga's Top Upgrades

Credit Suisse raised its rating on East West Bancorp (NASDAQ: EWBC) with an Outperform rating and a $26 price target.

Credit Suisse commented, "We are initiating coverage of East West Bancorp with an Outperform rating and a $26 target price. We view EWBC as a highly profitable, niche lender with earnings levers to mitigate margin pressure and maintain a comparatively strong 8-10% EPS growth profile through at least 2014. We expect EWBC to pay out 100% of earnings by refreshing its share buyback and raising the dividend. Lower-than-expected credit costs may also emerge."

East West Bancorp closed at $20.77 on Monday.

Latest Ratings for EWBC

DateFirmActionFromTo
Oct 2014BMO CapitalUpgradesMarket PerformOutperform
Jun 2014BarclaysUpgradesEqual-weightOverweight
Apr 2014Sterne Agee & LeachUpgradesNeutralBuy

View More Analyst Ratings for EWBC
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Initiation Intraday Update Analyst Ratings

 

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