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

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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 2017Raymond JamesUpgradesUnderperformMarket Perform
Jul 2017Deutsche BankDowngradesBuyHold
Jul 2017BMO CapitalDowngradesOutperformMarket Perform

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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