ICICI Bank Ltd (ADR) (IBN) was Downgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on Jun 16, 2016.
Many Wall Street Analysts have commented on ICICI Bank Ltd (ADR). ICICI Bank Ltd (ADR) was Downgraded by Goldman to ” Neutral” on May 3, 2016. ICICI Bank Ltd (ADR) was Upgraded by Credit Suisse to ” Outperform” on Apr 21, 2016.
ICICI Bank Ltd (ADR) opened for trading at $7.22 and hit $7.37 on the upside on Wednesday, eventually ending the session at $7.27, with a gain of 3.27% or 0.23 points. The heightened volatility saw the trading volume jump to 94,14,778 shares. Company has a market cap of $21,111 M.
ICICI Bank Limited is a banking company. The Bank is a financial services group providing a range of banking and financial services including commercial banking retail banking project and corporate finance working capital finance insurance venture capital and private equity investment banking broking and treasury products and services. Its operating segments include Retail Banking Wholesale Banking Treasury Other Banking Life Insurance General Insurance and Others. Retail banking includes exposures of the Bank which satisfy the criteria of orientation product granularity and low value of individual exposures for retail exposures laid down in Basel Committee on Banking Supervision document International Convergence of Capital Measurement and Capital Standards: A Revised Framework. Wholesale banking includes all advances of the Bank to trusts partnership firms companies and statutory bodies. Treasury includes the entire investment and derivative portfolio of the Bank.