WAFD is well-poised for growth amid high rates, decent loan demand and LBC acquisition. However, a rising expense base and worsening asset quality remain major challenges.
WAFD is well-poised for growth amid high rates, decent loan demand and LBC acquisition. However, a rising expense base and worsening asset quality remain major challenges.
East West Bancorp (EWBC) remains well-poised for top-line growth, given the stabilizing deposit costs, diverse revenue streams and loan demand. Yet, high costs and worsening asset quality are woes.
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East West Bancorp (EWBC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Valley National's (VLY) first-quarter earnings lag estimates due to higher expenses, a drastic rise in provisions and lower NII. However, an increase in non-interest income offers some support.
An increase in non-interest income and higher loans and deposit balance support Associated Banc-Corp's (ASB) Q1 earnings amid lower NII and a rise in expenses and provisions.
Prosperity Bancshares' (PB) first-quarter earnings beat estimates on the back of higher non-interest income and nil provisions. However, lower NII and high expenses turn out to be spoilsports.
East West Bancorp's (EWBC) first-quarter earnings beat estimates on the back of higher non-interest income and deposit balance. However, lower NII and high costs and provisions turn out to be headwinds.
In the latest quarter, 7 analysts provided ratings for East West Bancorp (NASDAQ:EWBC), showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 2 0 0 0 0 2M Ago 2 1 0 0 0 3M Ago 0 1 0 0 0 Analysts have recently evaluated East West Bancorp and provided 12-month price targets. The average target is $91.71, accompanied by a high estimate of $106.00 and a low estimate of $88.00. Surpassing the previous average price target of $83.00, the current average has increased by 10.49%. Breaking Down Analyst Ratings: A Detailed Examination In examining recent analyst actions, we gain insights into how financial experts perceive East West Bancorp. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target David Chiaverini Wedbush Maintains Outperform $90.00 - Elan Zanger Jefferies Raises Buy $88.00 $86.00 Brandon King Truist Securities Raises Buy $90.00 $85.00 Ben Gerlinger Citigroup Raises Buy $91.00 $85.00 Dave Rochester Compass Point Raises Buy $88.00 $83.00 Jared Shaw Barclays Announces Overweight $106.00 - Manan Gosalia Morgan Stanley Raises Overweight $89.00 $76.00 Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to East West Bancorp. This insight gives a snapshot of analysts' perspectives on the current state of the company. Rating: Analysts unravel qualitative evaluations ...Full story available on Benzinga.com
The headline numbers for East West Bancorp (EWBC) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
East West Bancorp (EWBC) delivered earnings and revenue surprises of 4% and 0.84%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Cathay (CATY) delivered earnings and revenue surprises of 7.84% and 7.24%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?