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ICICI Bank defied expectations again in its latest quarter. A closer look indicates the fundamentals remain as strong as ever. The group is also well-placed to capitalize on India's regulatory shift.
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A rise in revenues and loans and deposit balances drives ICICI Bank's Q4 earnings, while higher expenses and provisions act as spoilsports.
Investors interested in Banks - Foreign stocks are likely familiar with United Overseas Bank Ltd. (UOVEY) and ICICI Bank Limited (IBN).
ICICI Bank (IBN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
ICICI Bank shows strong growth, with a 15% rise in profit after tax and a 9% increase in net interest income. The recent RBI repo rate cut could boost ICICI's net interest margin, despite initial risks from reduced returns on assets. ICICI Bank outperforms peers in key metrics like CASA ratio and net NPA ratio, indicating robust profitability and lower risk.
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IBN's third quarter of fiscal 2025 results rise on the back of higher NII & fee income. However, a rise in expenses and higher provisions are woes.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.