East West Bancorp ( (EWBC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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East West Bancorp shares are under pressure even as analysts grow more upbeat about the bank’s core business. Morgan Stanley said it now expects better loan growth, a healthier net interest margin and solid capital returns going forward.
Despite that brighter outlook, the firm only nudged its price target higher and kept an Equal Weight rating. Analysts also warned that investor expectations have already risen after the stock’s recent outperformance, leaving less room for upside.
More about East West Bancorp
YTD Price Performance: -1.93%
Average Trading Volume: 965,432
Technical Sentiment Signal: Buy
Current Market Cap: $15.06B
For further insights into EWBC stock on TipRanks’ Stock Analysis page.
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