J.P.Morgan initiates coverage on Customers Bancorp with 'overweight' rating

Customers Bancorp

06/03/2026 12:25

** J.P.Morgan initiates coverage on Customers Bancorp CUBI.N with an "overweight" rating, sets PT at $90

** CUBI has expanded into higher-growth commercial lending verticals, including specialty commercial real estate and other specialty such as commercial and industrial verticals - brokerage

** CUBI is hiring entire commercial‑banking teams from other banks who bring their existing client relationships and operating deposits, reducing reliance on wholesale sources, JPM says

** Six of 10 analysts rate the stock "strong buy" or "buy", three "hold" and one "sell"; median PT is $93 - data compiled by LSEG

** As of last close, shares down 6.4% YTD

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))