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Fly News Breaks for January 26, 2018
EWBC
Jan 26, 2018 | 09:52 EDT
BMO Capital analyst Lana Chan raised her price target on East West Bancorp to $74 and kept her Market Perform rating after Q4 earnings. Chan says the lower tax rate was in part offset by higher operating expense growth, but sees the bank's longer term outlook as favorable, projecting 10% loan growth in 2018 and net interest margin expansion from higher interest rates.
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