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EWBC

East West Bancorp

$39.90

1.52 (3.96%)

06:15
08/19/19
08/19
06:15
08/19/19
06:15

East West Bancorp downgraded to Market Perform from Outperform at BMO Capital

BMO Capital analyst Lana Chan downgraded East West Bancorp to Market Perform, lowered her price target to $44 from $51, and also reduced her FY19 EPS view by 30c to $4.60. The analyst cites net interest margin pressure from her expected 4 total Fed rate hikes along with "slightly higher" net charge-offs given the rise in questionable loans over the past year. Chan adds that the escalation in trade tensions between U.S. and China and political uncertainty in Hong Kong could reduce overall lending growth for East West Bancorp.

EWBC East West Bancorp
$39.90

1.52 (3.96%)

07/01/19
MSCO
07/01/19
UPGRADE
Target $57
MSCO
Overweight
East West Bancorp upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Ken Zerbe upgraded East West Bancorp to Overweight from Equal Weight, citing his view that concern about the impact of China tariffs on the bank's borrowers is "fair, but overstated." Zerbe, who also cited the bank's above-peer profitability, stronger loan growth and attractive valuation, trimmed his price target on the stock to $57 from $59.
07/08/19
RAJA
07/08/19
DOWNGRADE
RAJA
Underperform
East West Bancorp downgraded to Underperform at Raymond James
07/08/19
RAJA
07/08/19
DOWNGRADE
RAJA
Underperform
East West Bancorp downgraded to Underperform at Raymond James
As previously reported, Raymond James analyst William Wallace downgraded East West Bancorp to Underperform from Market Perform. Wallace believes 2019 NIM will be below current guidance given his expectations for two rate cuts in 2019, and 2019 loan growth will fall short of 10% guidance.
07/11/19
BOFA
07/11/19
DOWNGRADE
BOFA
Underperform
BofA downgrades Cullen/Frost to Underperform, suggests East West pair trade
As previously reported, BofA/Merrill analyst Ebrahim Poonawala downgraded Cullen/Frost (CFR) to Underperform from Neutral given the stock's premium valuation and the downside EPS risk from lower rates he sees in his estimates, which he notes are 5% below consensus for 2020.The analyst also highlighted East West Bancorp (EWBC), on which he has a Buy rating, as a pairs trade idea, as he expects management to most likely reduce its spread revenue guidance for 2019 and that stock is currently trading at a "deeply discounted" valuation.

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