Citigroup Stays Bullish on East West Bancorp, Inc. (EWBC)

East West Bancorp, Inc. (NASDAQ:EWBC) is among the best safe stocks to buy now. Benjamin Gerlinger, an analyst at Citigroup, has reiterated the ‘Buy’ rating on East West Bancorp, Inc. (NASDAQ:EWBC), while raising the price target to $134 from $124, implying a surge of about 25% from the current price. This revision follows the firm’s meeting with the management to highlight improved deposit growth and enhanced net interest income outlook.

The market, too, has an equally strong view on East West Bancorp, Inc. (NASDAQ:EWBC), with some analysts even underscoring the company’s “resilience amid an evolving financial space”. Time and again, the company has proven to be steadfast, much like a rock, in contrast to the rising financial skyscrapers that bend with each market turn.

What’s truly impressive about East West Bancorp, Inc. (NASDAQ:EWBC) is its relationship-driven model that is not just about immersive engagement but also about customized services and trust-building. From robust loan and deposit growth to premium valuation and credit management, the company is among the safest investments.

​East West Bancorp, Inc. (NASDAQ:EWBC), headquartered in Pasadena, California, is a bank holding company for East West Bank, offering a range of personal and commercial banking services. Incorporated in 1973, the company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.

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