Piper Sandler raised the firm’s price target on East West Bancorp (EWBC) to $104 from $100 and keeps a Neutral rating on the shares. The firm notes Friday after the close, and in anticipation of an industry conference this week, East West Bancorp filed an updated slide presentation that increased its FY25 net interest income and total revenue growth guidance to trending towards 10% using the forward curve as of August 31. All other guidance was unchanged, Piper adds. The firm is not surprised and is leaving its 2025/2026 EPS estimates unchanged at $9.16/$9.50 since its outlook already assumed net interest income growth of 9.7% and total revenue growth of 9.3%.
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