The big bank outperformer? Analysts see upto 54% upside for ICICI Bank (2024)

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The big bank outperformer? Analysts see upto 54% upside for ICICI Bank? ›

In the last couple of years, that choice has been ICICI Bank. The private lender has replaced HDFC Bank, a Street favourite for nearly a decade. Analysts have sung praises about the emerging star, and it seems the paeans are far from ending. Analysts are seeing up to 54 per cent upside in the counter.

View 43 reports from 15 analysts offering long term price targets for ICICI Bank Ltd.. ICICI Bank Ltd. has an average target of 1131.83. The consensus estimate represents an upside of 20.43% from the last price of 939.85.

ICICI Bank remains its top pick in the banking space, given its superior financial performance, top-management stability/credibility and strong capital/provision buffers.

Icici Bank ICICIBANK share price forecast & targets for Intra Day are 923.73, 927.85, 919.6 on the downside, and 945.18, 949.3, 962.5 on the upside.

"ICICI Bank and Axis Bank have been performing strongly for many quarters. The legacy NPAs are well provided. The delinquencies from the retail book are at a manageable level. In terms of growth, ICICI Bank has outperformed Axis Bank.

Fitch Affirms ICICI Bank at 'BB+'; Outlook Stable. Fitch Ratings - Singapore/Mumbai - 21 Oct 2022: Fitch Ratings has affirmed ICICI Bank Limited's (ICICI) Long-Term Issuer Default Rating (IDR) at 'BB+'. The Outlook is Stable.

In addition to having a nationwide network of 5,275 branches and 15,589 ATMs, it is also present in 17 other nations. This demonstrates the bank's strong management and considerable potential. Therefore, in terms of management and services ICICI bank is indeed a safe bank.

ICICI Bank has ranked no. 1 in the 'Best Services' (Asian Banks) category for its Trade Finance services, according to the 2023 Euromoney-Asiamoney Trade Finance Survey. Asiamoney, a Hong-Kong based finance magazine, conducted the survey.

What will be the price of ICICI Bank share in 2023? ›

All futures contracts have a month end maturity (1 month, 2 month, up to 12 months) with lot size of 1,000 per unit.

The Reserve Bank of India (RBI) today approved the merger of ICICI Limited (NYSE: IC) and two of its wholly-owned subsidiaries, ICICI Personal Financial Services Limited (ICICI PFS) and ICICI Capital Services Limited (ICICI Capital), with ICICI Bank Limited (NYSE: IBN). The Board approved the appointment of Mr. K. V.

The all-time high ICICI Bank stock closing price was 23.72 on November 30, 2022. The ICICI Bank 52-week high stock price is 23.75, which is 3.3% above the current share price.

ICICI Bank's share has outperformed the NIFTY and Bank NIFTY in 2022. ICICI Bank share has delivered over 14% returns to investors compared to flat NIFTY and 10% returns of Bank NIFTY. In the past five years, ICICI Bank's share has delivered nearly 3X returns to investors.

ICICI remains its top stock pick in the banking space, given its superior financial performance, top-management stability/credibility, and strong capital/provision buffers. Emkay has retained its BUY rating with a revised target price of ₹1,250/share.

HDFC Bank remains unmatched in terms of deposit growth

HDFC Bank continued to maintain its lead over all its peers in terms of deposit growth – the lender's deposits grew 20.8% YoY to ₹18.83 lakh crore. Despite being far ahead of its peers, the lender said it remains focused on attracting retail deposits.

However, when comparing the two banks' net interest income growth rate over the past ten quarters and the profit growth on a year-on-year basis, ICICI Bank has outperformed HDFC Bank.

The key valuation ratios of ICICI Bank Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

What is the share price of ICICI Bank in 2028? ›

HDFC Life Share Price Target 2025

With the potential for continued growth and financial performance, the share price target for 2025 could range from ₹900 to ₹1100.

Weaknesses in the SWOT Analysis of ICICI Bank

Customer service for the ICICI segment is not doing well when it comes to complaining resolution. Customer disputes against ICICI are high.

Axis Bank Ltd. outperforms ICICI Bank Ltd. on 13 out of 18 technical parameters.

Yes Bank scored higher in 6 areas: Overall Rating, Culture & Values, Work-life balance, Senior Management, Compensation & Benefits and Recommend to a friend. Both tied in 2 areas: Diversity and Inclusion and Career Opportunities.

HDFC Bank. HDFC Bank is the top bank in India with a market cap of ₹8.78 lakh crore.

UBS is now 'the world's safest bank' for depositors because Switzerland has made it too big to fail, analyst says | Business Insider India.

ICICI Bank's success in the Private Banking business, including Family Office, can be attributed to its 'Fair to Bank, Fair to Customer' philosophy, coupled with a partnership approach followed with its clients. ICICI Bank has been adjudged 'Company of the Year' by Forbes India, a leading business magazine.

ICICI Bank (NS: ICBK ) has a market capitalization of INR 6,04,009 crores and trades at a P/E ratio of 24.05 which is almost at par with its bigger counterpart - HDFC Bank. ICICI Bank is almost 40% bigger than SBI but still, it reported a Q3 FY23 net income of INR 8,792.42 crores, which is not even 60% of SBI's profit.

Which bank is number 1 ranking? ›

Analyst recommendations are recommendations and advice given by financial analysts and investment researchers to their clients with regards to what assets to invest in and what assets not to invest in.

Some Wall Street analyst ratings are highly accurate, meaning their ratings lead to successful returns for investors. However, in the stock market, nothing is truly guaranteed. This means investors want to interpret analyst ratings with a healthy dose of skepticism.

The weighting of the ratings is 1 for buy, 2 for outperform, 3 for hold, 4 for underperform and 5 for sell. If the average rating is close to 5, that means that most analysts rate the stock as a sell.

The highest analyst price target is $55.00 ,the lowest forecast is $41.00. The average price target represents 25.47% Increase from the current price of $37.49. Wells Fargo's analyst rating consensus is a Strong Buy. This is based on the ratings of 16 Wall Streets Analysts.

Outperform: Also known as "moderate buy," "accumulate," and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.

The most common use of outperform is for a rating that is above a neutral or a hold rating and below a strong buy rating. Outperform means that the company will produce a better rate of return than similar companies, but the stock may not be the best performer in the index.

It is achieved in this 3 step process: Take the last n measurements of the stock and comparison stock price. I use the closing prices. Scale both time-series by the value of that instrument on the point furthest back in time (so both time-series starts with the value = 1).

Rakesh Jhunjhunwala

In addition to being known as "India's Warren Buffet" and "The Big Bull," Rakesh Jhunjhunwala is one of India's most renowned and helpful stock market analysts.

Zacks has built a reputation as a reliable source of stock data for investors looking for a stock picking edge, Zacks' free stock screener has almost everything investors need to make well-timed and informed stock picks. That's why Zacks is our choice as the best free option for a stock screener.

What is the success rate of stock analysts? ›

According to research by TipRanks, the average success rate of the 25 best performing analysts, measured as the percentage of profitable recommendations over a year, was 67.6%, and their average returns from 2011-2020 outperformed the S&P 500 by 21%.

A 'strong buy' means the analyst believes the stock's underlying company is or will soon be experiencing positive financial performance and/or favorable market conditions. A strong buy rating indicates an analyst has reason to believe the stock will trade drastically higher over the coming months.

Topping our list this year is John Gerdes of MKM Partners, who is the acting managing director of the firm. Through his highly accurate stock ratings, Gerdes has achieved the best rank, weighted by his ratings success and average return percentages.

Stock Price Forecast

The 23 analysts offering 12-month price forecasts for Bank of America Corp have a median target of 35.00, with a high estimate of 47.00 and a low estimate of 28.00. The median estimate represents a +21.40% increase from the last price of 28.83.

Morgan Stanley's analyst rating consensus is a Moderate Buy. This is based on the ratings of 15 Wall Streets Analysts.

Wells Fargo Senior Risk Analyst Salary FAQs

Average Wells Fargo Senior Risk Analyst salary in India is ₹ 22.4 Lakhs for experience between 4 years to 12 years.