Market Overview

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

Share:
Related EWBC
Earnings Scheduled For July 15, 2015
Piper Rolls Out Regional Bank Coverage: Sector Hitting Highs

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
Jul 2015RBC CapitalMaintainsOutperform
Jun 2015Keefe Bruyette & WoodsMaintainsOutperform
Jun 2015SunTrust Robinson HumphreyMaintainsBuy

View More Analyst Ratings for EWBC
View the Latest Analyst Ratings

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

 

Related Articles (EWBC)

View Comments and Join the Discussion!

Get Benzinga's Newsletters