TD Cowen cuts target for Eastern Bankshares stock to USD 25.00

Published on 10/20/2026 at 21:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are due October 22, 2026 after the market close. Eastern Bankshares stock costs EUR 19.15 on October 20, 2026 at 9:22 p.m. CEST.

Targets and earnings dates

TD Cowen kept a Buy rating on October 5, 2026.
Eastern Bankshares reported USD 0.49 adjusted earnings per share for the second quarter of 2026 against USD 0.46 expected.
Eastern Bankshares stock costs EUR 19.15 at Lang & Schwarz on October 20, 2026 at 9:22 p.m. CEST.
Third-quarter results are scheduled for October 22, 2026 after the market close.

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TD Cowen lowered its Eastern Bankshares target from USD 26.00 to USD 25.00 while keeping a Buy rating on October 5, 2026, according to Markets Insider. Eastern Bankshares stock was trading at EUR 19.15 at Lang & Schwarz on October 20, 2026 at 9:22 p.m. CEST.

Second-quarter earnings set the baseline

Eastern Bankshares reported USD 0.49 adjusted earnings per share for the second quarter of 2026, compared with USD 0.46 expected, according to MarketBeat. Quarterly revenue reached USD 316.01 million against USD 308.20 million expected. The revenue comparison represents a USD 7.81 million beat, while the adjusted earnings-per-share difference was USD 0.03.

The company also reported USD 105.21 million in net income for the second quarter of 2026. That compared with USD 65.26 million in the first quarter, an increase of USD 39.95 million between the two reported periods.

Stock range puts the quote in context

Eastern Bankshares closed at USD 21.01 on Nasdaq on October 19, 2026. The session range was USD 20.97 to USD 21.36, while the 52-week range stood at USD 16.61 to USD 23.77. Market capitalization was USD 4.9 billion as of October 20, 2026, and the price-to-earnings ratio was 12.21.

October 22 is the next test

Eastern Bankshares scheduled its third-quarter 2026 earnings release for October 22, 2026 after the market close, followed by a conference call on October 23, 2026 at 9:00 a.m. ET. The next report will show whether the second-quarter revenue and earnings beat was sustained into the September quarter.

Regional banks offer a wider yardstick

As of October 20, 2026 at 3:29 p.m. ET, Eastern Bankshares had a price-to-earnings ratio of 12.21 and a market capitalization of USD 4.9 billion. JPMorgan Chase traded at USD 335.47, up 0.58 percent on the day, with a price-to-earnings ratio of 14.07 and a market capitalization of USD 891.7 billion. Regions Financial traded at USD 27.91, up 2.61 percent, with a price-to-earnings ratio of 10.95 and a market capitalization of USD 23.8 billion.

Targets remain above the quote

TD Cowen's USD 25.00 target remains a separate analyst reference from the EUR quote in Germany. The October 22 earnings release is the next dated company event for investors tracking Eastern Bankshares.

The further course of trading is shown by the continuously updated real-time quote of Eastern Bankshares stock.