Wells Fargo analyst Timur Braziler maintains $East West Bancorp (EWBC.US)$ with a buy rating, and adjusts the target price from $95 to $97.
According to TipRanks data, the analyst has a success rate of 59.6% and a total average return of 7.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $East West Bancorp (EWBC.US)$'s main analysts recently are as follows:
The Federal Reserve's rate cuts are unfolding at a pace that surpasses expectations, with predictions of a further 150 basis point reduction by mid-2025. Although forecasting the trajectory for net interest margins (NIM) presents challenges, generally, a swifter pace in rate reductions tends to be beneficial for NIM at mid-sized banks, with the effects on larger banks being more varied.
The firm holds the view that while rate cuts and the absence of a recession could ultimately benefit banks, there might be challenges through the end of the year, including pressure on net interest income and uncertainties surrounding credit.
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