Thu, Apr 18, 2024
Bank Stocks For Up To 36% Return: Equity benchmark indices opened in green on Thursday with Sensex climbing 310.82 points to 73,254.50 and Nifty gaining 122.75 points to 22,270.65 in early trade.
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Wed, Apr 10, 2024
According to Axis Securities, the banks under its coverage are likely to register an average 6.0 per cent increase in net interest income (NII), or the difference between interest earned and interest paid, in the fiscal fourth quarter. The brokerage has 14 banks in its coverage universe, including SBI, Bank of Baroda, HDFC Bank, ICICI Bank, Federal Bank, and Bandhan Bank.
Mon, Mar 18, 2024
Bank stocks to buy: Looking for bank stocks to buy? Global brokerages—Nomura and Morgan Stanley have revised their target prices on a few names.
Fri, Nov 17, 2023
RBI tightens rules on personal loans: As of 11:43 a.m., Nifty Bank was down 1.02 per cent at 43,710.6, and the S&P BSE Bankex was down 1.10 per cent at 49,363.37 levels.
Wed, Oct 04, 2023
How was the September quarter for banks? Good growth continues in banks' business. Banks' deposit and loan growth stable
Wed, Aug 30, 2023
Currently, the futures and options contracts of the banking index are due for expiry every Friday.
Tue, Aug 01, 2023
State Bank of India is scheduled to report its financial results for the April-June period on Friday, August 4. According to Zee Business research, SBI's quarterly net profit is expected to grow 2.6 times on a year-on-year basis to Rs 15,680 crore for the June quarter.
Thu, Jul 27, 2023
Axis Bank shares moved within a tight range around the flatline on Thursday after the private sector lender reported a weak set of financial results.
Wed, Jul 26, 2023
State-run lender PNB reported a more than four times jump in standalone net profit to Rs 1,255.4 crore for the quarter ended June 2023, in line with analysts' estimates.
Tue, Jul 25, 2023
Axis Bank will report its financial results for the June quarter on July 26. According to Zee Business research, Axis Bank is estimated to report a standalone net profit of Rs 5,840 crore for the three-month period.
Mon, Jul 24, 2023
Canara Bank reported a 74.8 per cent year-on-year jump in standalone net profit to Rs 3,534.8 crore for the June quarter, sending its stock to a 52-week high.
ICICI Bank shares were in high demand on Monday, scaling a 52-week high, after the private sector lender staged a strong performance for the June quarter.
Wed, Jul 05, 2023
Equitas Small Finance Bank shares registered a record high on Wednesday, July 5, after the lender reported growth to the tune of 36 per cent in loans as well as deposits in a business update.
Fri, May 19, 2023
PNB Q4 results: Punjab National Bank (PNB) on Friday reported a net profit of Rs 1,158.6 crore for the quarter ended March 2023, missing analysts' estimates.
Fri, Apr 28, 2023
Axis Bank shares dropped in early trade on Friday as the private sector lender posted losses in its March quarter results for the financial year 2023 owing to the Citi merger.
Tue, Mar 14, 2023
The Dow slipped for the 5th day in a row amid ongoing turmoil in the banking sector. The Russell 2000 index lost 1.6%, the VIX jumped 6%. Nasdaq gained 0.5% from the support of IT stocks. Bank index fell 7%, this is the biggest decline after 2020. Bank stocks lost $185 billion in 3 days. First Republic Bank broke 60% again yesterday. 27% believe the Fed will not raise rates next week. Today all eyes on the inflation data of February, it is estimated to remain at 6%.
Fri, Mar 10, 2023
Heavy beating in bank stocks led to a sharp decline in the US market. The Dow slumped 550 points to a 4-month low. Whereas, the S&P 500 and Nasdaq declined by up to 2%. The S&P 500 bank index fell 6%, the biggest decline in 2 years. Apart from this, VIX of US jumped 18%. JPMorgan, Bank of America, other major banks fell up to 5%. SVB shares crashed 60% after the news of $2 billion funding from SVB Financial. Today, all eyes on the employment data for the February.
Mon, Feb 06, 2023
SBI said on Friday that its overall exposure to the Adani group is at Rs 27,000 crore, and it does not see any difficulties in loan repayments.
Fri, Feb 03, 2023
SBI Q3 Results: India's largest bank by assets reported a 68.5 per cent year-on-year jump in net profit to a record Rs 14,205.3 crore for the quarter ended December 2022, far exceeding analysts' expectations. SBI shares rose three per cent ahead of the earnings announcement.
Thu, Jan 05, 2023
Brokerage firm Jefferies is bullish on bank stocks as it believes that despite 21% returns by Nifty Bank in 2022, valuations are still reasonable with good earning visibility and the sector will see healthy profit growth and rise in Return on Equity (ROE) in 2023.
Bank stocks to buy: According to Jefferies, most banks are well-capitalised, but as growth stays healthy, select banks may consider capital raises in 2H23
Tue, Jan 03, 2023
Brokerages are bullish on bank stocks and most of them have recommended ICICI Bank as their top bet.
ICICI Bank share price: ICICI Bank shares were trading at Rs 897.75 on the NSE around 1 pm today and were down by Rs 4.70 or 0.52 per cent from the Monday closing price.
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