Should I buy Eastern Bankshares (EBC) on strong earnings estimates?

I nvestors might want to bet on Eastern Bankshares, Inc. (EBC), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

Is eastern Bankshares a good stock to buy?

Eastern Bankshares has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, no hold ratings, and 1 sell rating. Eastern Bankshares has only been the subject of 1 research reports in the past 90 days.

Where is eastern Bankshares Inc (EBC) headquartered?

Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts. Eastern Bankshares Inc (EBC) (Q1 2024) Earnings Call Transcript Highlights: Navigating ... Trailing total returns as of 5/17/2024, which may include dividends or other distributions. Benchmark is S&P 500