East West Bancorp The bank was upgraded to buy from hold by TheStreet Ratings on Thursday. TheStreet Ratings gives East West Bancorp a B grade and $26.25 price target. The stock closed Friday at $22.07 and has risen 11.75% year to date.
The speed at which stocks surged after Donald Trump's presidential win runs the risk of a pullback, according to Charles Schwab's chief investment strategist Liz Ann Sonders.
'Not surprising that people were a bit hesitant to put new money to work,' one analyst said, but a stock-market surge since Donald Trump's victory may benefit the firms.
The real estate mogul's election is likely to buoy the stock prices of insurers like AIG and MetLife as well as asset managers since a key regulator will become dormant.