Hovde Group initiates coverage of East West Bancorp at Outperform, sets price target at $153

East West Bancorp updated its full-year net interest income (NII) growth guidance to 9-10%, citing September's rate hike and strong Q3 performance. The company expects short-term rates to remain stable. Management emphasized its focus on relationship and cross-border banking for long-term value.

D.A. Davidson reiterated a Buy rating on East West Bancorp (EWBC) with a $155 price target, citing strong Q3 results driven by net interest margin expansion and upwardly revised net interest income guidance. EWBC reported Q3 earnings of $2.76 per share on $823M revenue, beating estimates. Morgan Stanley raised its price target to $168, maintaining an Overweight rating.

Morgan Stanley raised East West Bancorp's (EWBC) price target to $168 from $164, citing improved deposit costs and strong net interest income. The stock trades at $128.27, with a 16% upside to the target. EWBC reported Q3 2026 earnings of $2.76 per share on $823M revenue, beating estimates. Analysts revised earnings upwards, and the bank's 2026 NII guidance is 9-10% growth, excluding potential rate hikes.

East West Bancorp (EWBC) reported Q3 2026 revenue of $822.7M, up 10.3% YoY, and adjusted EPS of $2.76, beating estimates. The bank attributed growth to deposit inflows and loan expansion, particularly in residential and multifamily lending. Management expects stable margins and continued loan growth, while monitoring credit risk. EWBC trades at $127.32, near pre-earnings levels.

East West Bancorp (EWBC) reported Q3 2026 earnings, highlighting 7% year-over-year loan growth, 6 basis points net interest margin expansion, and 11% year-over-year fee income growth. The company updated guidance, increasing NII growth expectations to 9-10% and lowering net charge off guidance to 15-20 basis points. Deposits grew, with non-interest-bearing deposits up 16% year-over-year. The company maintains strong capital ratios and declared a $0.80 per share dividend.

East West Bancorp (EWBC) reported Q3 earnings, noting a 25-basis-point rate hike could boost net interest income by $2.5M/month. Loans grew 7% YoY, led by residential mortgages. Net charge-offs fell to $22M. Fee income rose 11% YoY, and the company expects over 10% growth for the year. EWBC maintains strong capital ratios and declared a $0.80 dividend.