ICICI Bank Limited (IBN) Receives ‘Analyst’ Rating

ICICI Bank Limited (IBN) : Zacks Investment Research ranks ICICI Bank Limited (IBN) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 2 research analysts is 1, which indicates as a Strong Buy.


ICICI Bank Limited (NYSE:IBN): The stock opened in the green at $8.02 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $8.065 and a low of $7.965 for the day. The stock did not find buyers even at the lows and closed at $8.02 recording a loss of -0.37%. 5,579,629 shares exchanged hands during the trading day. The stock had closed at $8.05 in the previous days trading.

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.

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