This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Financial Stocks With Upside

3. ICICI Bank (IBN) is the largest private bank in India providing a broad spectrum of services in the retail and commercial space.

During the March quarter, the bank's results met consensus estimates. Net profit rose 44% year-over-year to $330 million, led by strong growth in the core income and decline in bad loan provisions.

Net interest income grew 23.3% during the quarter, aided by margin expansion and strong growth in advances. Overall advances in the March quarter grew 4.7% sequentially, boosted by agriculture, small and medium enterprises and the retail segments.

The bank's asset quality has improved over the past three quarters. Gross bad loans declined to 4.47% from 4.75% in the previous quarter. Provisions for bad loans declined 17.4% sequentially during the quarter, and provision coverage ratio expanded to 76%.

The Tier-1 capital ratio at the end of the March quarter was 12.9% and capital adequacy ratio was 19.2%. The stock is expected to deliver 24% in the next one year.
9 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
BAC $17.77 0.00%
BCS $17.92 0.00%
C $58.44 0.00%
CS $29.60 0.00%
IBN $10.38 0.00%

Markets

Chart of I:DJI
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASDAQ 5,115.3820 -12.8990 -0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs