ICICI Bank Ltd.

IBN-N

NYSE:IBN

14.66
0.02 (0.14%)
ICICI Bank, stands for Industrial Credit and Investment Corporation of India, is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara.
More at Wikipedia

Analysis and Opinions about IBN-N

Signal
Opinion
Expert
BUY
BUY
May 6, 2019
It has done pretty well the last little bit. We are two weeks into the vote for their election. You want to see investment inflows into India in a big way. They have an economy where reforms are necessary.
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It has done pretty well the last little bit. We are two weeks into the vote for their election. You want to see investment inflows into India in a big way. They have an economy where reforms are necessary.
DON'T BUY
DON'T BUY
October 12, 2018

Inflation is rising in India because of oil imports, plus strong US dollar. All Indian banks have been falling. With typhoons and people moving to online banking, they’re scrambling. Not the time to be stepping into EM. They’re cheap, but they could be getting a lot cheaper. EMs are twice as risky as NA and European.

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ICICI Bank Ltd. (IBN-N)
October 12, 2018

Inflation is rising in India because of oil imports, plus strong US dollar. All Indian banks have been falling. With typhoons and people moving to online banking, they’re scrambling. Not the time to be stepping into EM. They’re cheap, but they could be getting a lot cheaper. EMs are twice as risky as NA and European.

PAST TOP PICK
PAST TOP PICK
May 14, 2018

(A Top Pick Mar 2/18, Down 2%) Super long term play on India. It is a play on lower middle class to middle class. Owning banks is always the right play.

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(A Top Pick Mar 2/18, Down 2%) Super long term play on India. It is a play on lower middle class to middle class. Owning banks is always the right play.

HOLD
HOLD
April 23, 2018

He has had this bank for a number of years and likes the country from a demographic point of view. The country has the fastest growth rate even over China. The Indian banking system keeps getting overhauled.

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ICICI Bank Ltd. (IBN-N)
April 23, 2018

He has had this bank for a number of years and likes the country from a demographic point of view. The country has the fastest growth rate even over China. The Indian banking system keeps getting overhauled.

SELL
SELL
April 4, 2018

Since PM Modi took power in India, India has received a lot of fund flows and other macro developments. The rupee is seeing challenges (depreciation). Sell some here, even at a capital loss.

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Since PM Modi took power in India, India has received a lot of fund flows and other macro developments. The rupee is seeing challenges (depreciation). Sell some here, even at a capital loss.

TOP PICK
TOP PICK
March 2, 2018

This Indian bank is the best way to invest in the region’s growth and this is the largest bank. The bank has over 18,000 ATM locations. From a technology perspective, they are well positioned and are involved in blockchain. He is okay with the low yield, to allow the business to grow. Yield 0.75%. (Analysts’ price target is $14.50 )

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This Indian bank is the best way to invest in the region’s growth and this is the largest bank. The bank has over 18,000 ATM locations. From a technology perspective, they are well positioned and are involved in blockchain. He is okay with the low yield, to allow the business to grow. Yield 0.75%. (Analysts’ price target is $14.50 )

COMMENT
COMMENT
January 29, 2018

If you are going to be in an emerging market like India, then you want to be in consumer products or financials, because they are going to get you to all the consumers that are out there. For him, it was between HDFC Bank and this company. HDFC had better metrics. You will be dealing with the volatility of being in India. Both stocks had huge run ups last year in the 30%-40% range. They are pausing right now because they have to see what is going to happen with all of economic changes the government has put through. The government is allowing banks to write off bad loans and to start fresh again. These 2 are probably the best capitalized of the banks, and therefore the least risky. You are going to have volatility of roughly 30%-40% a year and will have to live with it. (See Top Picks.)

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ICICI Bank Ltd. (IBN-N)
January 29, 2018

If you are going to be in an emerging market like India, then you want to be in consumer products or financials, because they are going to get you to all the consumers that are out there. For him, it was between HDFC Bank and this company. HDFC had better metrics. You will be dealing with the volatility of being in India. Both stocks had huge run ups last year in the 30%-40% range. They are pausing right now because they have to see what is going to happen with all of economic changes the government has put through. The government is allowing banks to write off bad loans and to start fresh again. These 2 are probably the best capitalized of the banks, and therefore the least risky. You are going to have volatility of roughly 30%-40% a year and will have to live with it. (See Top Picks.)

COMMENT
COMMENT
January 11, 2018

There are 2 really good banks in India, this and HDFC. India has a lot of government fiscal policy change right now, and GST has been added so they can get their revenues up and be able to start to spend on infrastructure. Unlike this bank, HDFC Bank is more of a development bank, and have been able to grow their dividends at a much faster rate. He chose HDFC for his holdings for the future.

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ICICI Bank Ltd. (IBN-N)
January 11, 2018

There are 2 really good banks in India, this and HDFC. India has a lot of government fiscal policy change right now, and GST has been added so they can get their revenues up and be able to start to spend on infrastructure. Unlike this bank, HDFC Bank is more of a development bank, and have been able to grow their dividends at a much faster rate. He chose HDFC for his holdings for the future.

BUY
BUY
December 28, 2017

An Indian stock for a long-term hold? You can do this through the banking side through an HDFC Bank (HDB-N) or through ICICI Bank (IBN-N). Those 2 are the best ones. Their share prices have had a huge run this year, much like the emerging markets. It has also helped that the Indian government has enacted a GST.

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ICICI Bank Ltd. (IBN-N)
December 28, 2017

An Indian stock for a long-term hold? You can do this through the banking side through an HDFC Bank (HDB-N) or through ICICI Bank (IBN-N). Those 2 are the best ones. Their share prices have had a huge run this year, much like the emerging markets. It has also helped that the Indian government has enacted a GST.

COMMENT
COMMENT
August 31, 2017

One of the larger banks in India. She exited her position last year because of increasing noise around the loan books. It now looks very interesting to her and is looking at it again. On a valuation basis, it trades at almost half the PE multiple of some of the other private-sector banks.

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ICICI Bank Ltd. (IBN-N)
August 31, 2017

One of the larger banks in India. She exited her position last year because of increasing noise around the loan books. It now looks very interesting to her and is looking at it again. On a valuation basis, it trades at almost half the PE multiple of some of the other private-sector banks.

PAST TOP PICK
PAST TOP PICK
June 9, 2017

(A Top Pick Jan 6/16. Up 37%.) When Modi tried to straighten out the Indian economy last year, by taking out the Rs.500,000 notes, he was trying to get rid of the cash component corruption in the market, by going through things like credit cards, etc. it was tough on a lot of the financials for short period of time. India is still growing at 6%. This is the largest commercial bank in India.

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(A Top Pick Jan 6/16. Up 37%.) When Modi tried to straighten out the Indian economy last year, by taking out the Rs.500,000 notes, he was trying to get rid of the cash component corruption in the market, by going through things like credit cards, etc. it was tough on a lot of the financials for short period of time. India is still growing at 6%. This is the largest commercial bank in India.

COMMENT
COMMENT
May 31, 2017

One of the bigger banks in India. It is a private sector bank. They’ve had a few challenges on the balance sheet side a couple of quarters ago when they started disclosing loans in cement and power sector, which were becoming a bit of a problem. Because it raised questions in her mind, she sold her position. A very well-run bank.

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One of the bigger banks in India. It is a private sector bank. They’ve had a few challenges on the balance sheet side a couple of quarters ago when they started disclosing loans in cement and power sector, which were becoming a bit of a problem. Because it raised questions in her mind, she sold her position. A very well-run bank.

SELL
SELL
February 2, 2017

She used to own this, but exited because of their loan book, especially corporate loans. Over the last 2-3 quarters, they are starting to get a lot more colour on some of the issues within the loan book. On the last quarter, there were even more issues coming out. If you have done well with the stock, she would consider switching to another name.

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ICICI Bank Ltd. (IBN-N)
February 2, 2017

She used to own this, but exited because of their loan book, especially corporate loans. Over the last 2-3 quarters, they are starting to get a lot more colour on some of the issues within the loan book. On the last quarter, there were even more issues coming out. If you have done well with the stock, she would consider switching to another name.

COMMENT
COMMENT
December 15, 2016

The 2nd largest bank in India. They are going through some difficulty, because of what is going on with India’s economy. They are seeing increases in loan loss provisions, while at the same time they have to deal with the backdrop of the macro environment, which is higher than expected inflation. Long-term he thinks they still have focus in future. Given that half the population is under the age of 35, this is a decent investment for a long-term holder.

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ICICI Bank Ltd. (IBN-N)
December 15, 2016

The 2nd largest bank in India. They are going through some difficulty, because of what is going on with India’s economy. They are seeing increases in loan loss provisions, while at the same time they have to deal with the backdrop of the macro environment, which is higher than expected inflation. Long-term he thinks they still have focus in future. Given that half the population is under the age of 35, this is a decent investment for a long-term holder.

HOLD
HOLD
September 30, 2016

Has reduced her holdings in the last few months, and increased her weighting in some of the other Indian banks. There are pockets of the Indian banking system where there are some loan quality issues in the large corporate loan books, and ICICI has quite a bit of exposure to the segment of the loan book in the economy. That is why the stock has underperformed a lot of the other more retail oriented banks. Trading at a very discounted valuation. It might take another couple of quarters before they work through some of their issues.

Show full opinionHide full opinion
ICICI Bank Ltd. (IBN-N)
September 30, 2016

Has reduced her holdings in the last few months, and increased her weighting in some of the other Indian banks. There are pockets of the Indian banking system where there are some loan quality issues in the large corporate loan books, and ICICI has quite a bit of exposure to the segment of the loan book in the economy. That is why the stock has underperformed a lot of the other more retail oriented banks. Trading at a very discounted valuation. It might take another couple of quarters before they work through some of their issues.

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