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Fly News Breaks for June 3, 2019
EWBC
Jun 3, 2019 | 07:18 EDT
Wedbush analyst David Chiaverini lowered his price target for East West Bancorp to $50 from $57 and reduced his EPS estimates owing to lower than previously assumed loan growth driven partly by uncertainty related to the ongoing trade war with China, and a lower net interest margin driven by the rapid decline in interest rates over the past few months. The analyst reiterates an Outperform rating on the shares.
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