ICICI Bank Limited provides various banking products and services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and time, fixed, recurring, and security deposits services. It also provides home, car, two-wheeler, personal, gold, and commercial business loans, as well as loans against securities and other loans; business loans, including working capital finance, term loans, collateral free loans, loans without financials, finance for importers and exporters, and overdraft facilities, as well as loans for new entities and card swipes; and credit, debit, prepaid, travel, forex, and corporate cards. In addition, the company offers pockets wallet; fixed income products; investment products, such as mutual funds, gold monetization schemes, initial public offerings, and other online investment services; and agri and rural business, farmer finance, tractor loans, and micro banking services, as well as other services to agri corporates. Further, it provides portfolio management, trade, foreign exchange, locker, private and NRI banking, and cash management services; family wealth and demat accounts; commercial and investment banking, capital market, custodial, and institutional banking services; health, personal accident, fire, and motor insurance, as well as distributes general and life insurance products; and Internet, mobile, and phone banking services. Additionally, the company offers securities investment, broking, trading, and underwriting services; and merchant banking, trusteeship, housing finance, pension fund management, asset management, investment advisory, points of presence, and private equity/venture capital fund management services. ICICI Bank Limited was founded in 1955 and is headquartered in Mumbai, India.

ICICI Bank Limited

ICICI Bank Ltd.’s IBN net income for the first quarter of fiscal 2025 (ended June 30) was INR127.7 billion ($1.5 billion), up 15.5% from the prior-year quarter.
Results were driven by a rise in net interest income (NII), non-interest income and growth in loans. However, higher operating expenses, decline in deposits and provisions were the headwinds.
IBN’s NII & Fee Income Up, Expenses Rise
NII grew 10.6% year over year to INR216.3 billion ($2.5 billion). The net interest margin was 4.34%, down 2 basis points.
Non-interest income was INR72.6 billion ($847 million), up 13.7% year over year. Fee income increased 7.5% year over year to INR59 billion ($688 million).
In the reported quarter, IBN recorded a treasury income of INR12.4 billion ($145 million) compared with a treasury gain of INR6.1 billion ($71 million) in the prior-year quarter.
Operating expenses totaled INR113.9 billion ($1.33 billion), up 8.2% year over year.
ICICI Bank’s Loans Increase & Deposits Decrease
As of June 30, 2025, ICICI Bank’s total advances were INR13,641.5 billion ($159.1 billion), up 1.7% sequentially. Growth was primarily driven by a solid rise in business banking loans.
Total deposits declined marginally on a sequential basis to INR16,085.2 billion ($187.6 billion).
IBN’s Credit Quality: Mixed Bag
As of June 30, 2025, the net non-performing assets (NPA) ratio was 0.41%, which declined from 0.43% in the prior-year quarter. Recoveries and upgrades (excluding write-offs and sales) of NPAs were INR32.11 billion ($374 million) in the reported quarter.
In the fiscal first quarter, there were net additions of INR30.34 billion ($354 million) to gross NPA. Further, gross NPA additions were INR62.45 billion ($728 million), while gross NPA written-off was INR23.59 billion ($275 million).
Provisions (excluding provision for tax) increased 36.2% year over year to INR18.1 billion ($212 million). As of June 20, 2025, the bank held a total contingency provision of INR 131 billion ($1.5 billion).
Capital Ratios Strong for ICICI Bank
In compliance with the Reserve Bank of India's guidelines on Basel III norms, ICICI Bank's total capital adequacy was 16.97%. Tier-1 capital adequacy was 16.31% as of June 30, 2025. Both ratios were well above the minimum requirements.
Our Take on IBN
Increased consumer loan demand and growth in NII and non-interest income are anticipated to continue supporting ICICI Bank’s financials. However, elevated expenses, decreasing deposit balances and weak asset quality amid macroeconomic uncertainties are near-term challenges.
ICICI Bank Limited Price, Consensus and EPS Surprise
ICICI Bank currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Release Dates of Other Foreign Banks
HSBC Holdings plc HSBC is scheduled to announce second-quarter 2025 numbers on July 30. (See the Zacks Earnings Calendar to stay ahead of market-making news.)
The consensus estimate for HSBC’s quarterly earnings has remained unchanged at $1.62 per share over the past week. The figure implies a decline of 1.8% from the prior-year quarter.
Deutsche Bank AG DB is slated to report second-quarter 2025 results on July 24.
The Zacks Consensus Estimate for DB’s quarterly earnings has remained unchanged at 78 cents per share over the past week. The figure implies an increase of 290% from the prior-year quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

IBN's Q1 Earnings Rise Y/Y on Strong NII & Fee Income, Provisions Up

KORNITZER CAPITAL MANAGEMENT INC /KS just filed a portfolio update, which we received from a 13F disclosure. This disclosure reflects the funds' holdings for the 03-31-2025 report period. You can see the full portfolio on Quiver Quantitative, and track moves made by other funds.
Per our estimates, the largest stock moves were:
A decrease of -358,021 shares of $CALX (~$12,688,264). This was a decrease of ~96% from their previous position.
An addition of 161,302 shares of $ELF (~$10,128,153). This was an increase of ~394% over their previous position.
A decrease of -39,725 shares of $WDAY (~$9,276,979). This was a decrease of ~92% from their previous position.
A decrease of -282,468 shares of $IBN (~$8,903,391). This was a decrease of ~100% from their previous position.
A decrease of -9,023 shares of $COST (~$8,533,773). This was a decrease of ~8% from their previous position.
A decrease of -24,115 shares of $CYBR (~$8,150,870). This was a decrease of ~48% from their previous position.
Note that there may be inaccuracies in these estimates due to filing errors by the funds, parsing errors by us, or other anomalies.
Check out Quiver Quantitative's fund page for KORNITZER CAPITAL MANAGEMENT INC /KS for more details.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fund Update: KORNITZER CAPITAL MANAGEMENT INC /KS Just Disclosed New Holdings

Below is Validea's guru fundamental report for ICICI BANK LTD (ADR) (IBN). Of the 22 guru strategies we follow, IBN rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
ICICI BANK LTD (ADR) (IBN) is a large-cap growth stock in the Money Center Banks industry. The rating using this strategy is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO:
PASS
SALES AND P/E RATIO:
PASS
EPS GROWTH RATE:
PASS
TOTAL DEBT/EQUITY RATIO:
NEUTRAL
EQUITY/ASSETS RATIO:
PASS
RETURN ON ASSETS:
PASS
FREE CASH FLOW:
NEUTRAL
NET CASH POSITION:
NEUTRAL
Detailed Analysis of ICICI BANK LTD (ADR)
IBN Guru Analysis
IBN Fundamental Analysis
More Information on Peter Lynch
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
Additional Research Links
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Wide Moat Stocks
Recession Proof Stocks
Cheapest Value Stocks
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

IBN Quantitative Stock Analysis - Peter Lynch

The NASDAQ 100 After Hours Indicator is up 14.24 to 18,271.88. The total After hours volume is currently 137,400,065 shares traded.
The following are the most active stocks for the after hours session:
Ambev S.A. (ABEV) is -0.02 at $2.31, with 25,128,154 shares traded. ABEV's current last sale is 89.88% of the target price of $2.57.
Grab Holdings Limited (GRAB) is unchanged at $4.04, with 9,292,839 shares traded. As reported by Zacks, the current mean recommendation for GRAB is in the "buy range".
Hertz Global Holdings, Inc (HTZ) is +0.2399 at $5.95, with 7,102,592 shares traded. HTZ's current last sale is 198.33% of the target price of $3.
NVIDIA Corporation (NVDA) is -0.4802 at $104.01, with 5,636,647 shares traded. As reported by Zacks, the current mean recommendation for NVDA is in the "buy range".
Pfizer, Inc. (PFE) is +0.03 at $22.07, with 4,219,471 shares traded. PFE's current last sale is 73.57% of the target price of $30.
Petroleo Brasileiro S.A.- Petrobras (PBR) is unchanged at $11.22, with 3,523,240 shares traded. As reported by Zacks, the current mean recommendation for PBR is in the "buy range".
Intel Corporation (INTC) is -0.05 at $19.18, with 3,445,746 shares traded. INTC's current last sale is 83.39% of the target price of $23.
ICICI Bank Limited (IBN) is -0.15 at $31.82, with 3,421,575 shares traded. As reported by Zacks, the current mean recommendation for IBN is in the "strong buy range".
Hesai Group (HSAI) is -0.2275 at $10.79, with 2,775,648 shares traded. HSAI's current last sale is 49.03% of the target price of $22.
Patterson Companies, Inc. (PDCO) is unchanged at $31.33, with 2,721,758 shares traded. PDCO's current last sale is 101.06% of the target price of $31.
HDFC Bank Limited (HDB) is unchanged at $69.26, with 2,552,753 shares traded.HDB is scheduled to provide an earnings report on 4/18/2025, for the fiscal quarter ending Mar2025. The consensus earnings per share forecast is 0.74 per share, which represents a 84 percent increase over the EPS one Year Ago
Vipshop Holdings Limited (VIPS) is unchanged at $12.39, with 2,463,598 shares traded. VIPS's current last sale is 76.48% of the target price of $16.2.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

After Hours Most Active for Apr 16, 2025 : ABEV, GRAB, HTZ, NVDA, PFE, PBR, INTC, IBN, HSAI, PDCO, HDB, VIPS

Below is Validea's guru fundamental report for ICICI BANK LTD (ADR) (IBN). Of the 22 guru strategies we follow, IBN rates highest using our Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
ICICI BANK LTD (ADR) (IBN) is a large-cap growth stock in the Money Center Banks industry. The rating using this strategy is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ICICI BANK LTD (ADR)
IBN Guru Analysis
IBN Fundamental Analysis
More Information on Martin Zweig
Martin Zweig Portfolio
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
Additional Research Links
Top Financial Stocks
Dividend Aristocrats 2025
Wide Moat Stocks
Recession Proof Stocks
Cheapest Value Stocks
Factor-Based Stock Portfolios
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

IBN Quantitative Stock Analysis - Martin Zweig

Friday, April 11, 2025
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including T-Mobile US, Inc. (TMUS), Salesforce, Inc. (CRM) and Alibaba Group Holding Ltd. (BABA), as well as a micro-cap stock Old Point Financial Corp. (OPOF). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
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You can read today's AWS here >>> U.S./China Trade at +125% Standoff, PPI Slides, Big Banks Report Q1
Today's Featured Research Reports
T-Mobile’s shares have outperformed the Zacks Wireless National industry over the past year (+62.2% vs. +45.5%). The company is gaining from healthy growth in service revenues driven by industry-leading postpaid net customer addition. In 2024, the company added 6.1 million postpaid net customers while postpaid net account additions were 1.1 million, both metrics being the best in the industry.
Solid growth in free cash flow accentuates efficient capital management and implies that the company is well-positioned to invest in growth initiatives and pay debt and dividends. Strategic acquisitions to extend portfolio offerings are a positive.
However, the highly competitive and saturated nature of the U.S. wireless market could adversely affect its financial results. Its strategy of introducing several promotional activities to outperform competition strains margin. Declining prepaid ARPU is a concern. We are reiterating our Neutral recommendation.
(You can read the full research report on T-Mobile here >>>)
Shares of Salesforce have underperformed the Zacks Computer - Software industry over the past year (-12.8% vs. -6%). The company is facing stiff competition and unfavorable currency fluctuations, which are concerning. Softening IT spending amid ongoing macroeconomic uncertainties may hurt its growth prospects.
Nevertheless, Salesforce is benefiting from a robust demand environment as customers are undergoing a major digital transformation. Its sustained focus on aligning products with customer needs is driving the top line. Continued deal wins in the international market are another growth driver.
The buyout of Slack has positioned it as a leader in enterprise team collaboration and improved its competitive standing compared to Microsoft Teams. Salesforce’s strategy of continuous expansion of generative AI offerings will help it tap the growing opportunities in the space. The Zacks analyst estimates suggest that Salesforce revenues are expected to witness a CAGR of 8.9% through fiscal 2025-2028.
(You can read the full research report on Salesforce here >>>)
Alibaba’s shares have outperformed the Zacks Internet - Commerce industry over the past year (+49.3% vs. +4.8%). The company’s recent performance benefited from the monetization of Taobao and Tmall Group, cloud businesses and AI-integrated products. BABA is riding on strong momentum in its international commerce retail business, driven by strength in AliExpress’ Choice.
Growing international commerce wholesale business, thanks to strength in cross-border-related value-added services, is a tailwind. Expanding China's wholesale commerce business is a positive. Robust local consumer services and Cainiao logistics services are further driving top-line growth.
However, non-GAAP earnings of $2.93 per ADS fell short of estimates, suggesting a complex growth narrative. Current market valuations, with the stock trading at multi-year highs, suggest limited immediate upside potential.
(You can read the full research report on Alibaba here >>>)
Shares of Old Point Financial have outperformed the Zacks Banks - Southeast industry over the past year (+158.2% vs. +5.1%). This microcap company with market capitalization of $188.30 million has recorded 2024 earnings and projected 2025 EPS of $2.02 which support valuation upside at 12.5X forward P/E, fueled by rising net interest income, lower provisions and tight cost control.
Efficiency gains are evident with a 2% drop in noninterest expenses and an improved efficiency ratio to 78%, lifting ROAE to 9.96% and ROAA to 0.77%. Steady dividends offer reliable income, while Old Point’s regional franchise in Hampton Roads and Richmond drives customer engagement and fee income. The net interest margin rose to 3.53%, bolstering core earnings.
However, a 6% loan book contraction and rising nonperforming assets (to 0.19% of assets) pose risks to revenues and asset quality. Declining noninterest income (-5%) and stiff competition could pressure earnings diversity and margins, potentially limiting growth and profitability.
(You can read the full research report on Old Point Financial here >>>)
Other noteworthy reports we are featuring today include ICICI Bank Ltd. (IBN), Waste Management, Inc. (WM) and Coinbase Global, Inc. (COIN).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
T-Mobile (TMUS) Rides on Healthy Demand for Postpaid Services
Digital Transformation and Acquisitions Aid Salesforce (CRM)
Alibaba (BABA) Gains From International Commerce Businesses
Featured Reports
Loans, Rates to Support ICICI Bank (IBN), Asset Quality Weak
Per the Zacks analyst, domestic loans, rising demand for retail loans, higher interest rates and digitization will likely aid ICICI Bank's financials. Yet, high costs and weak asset quality are woes.
WM Benefits From Focused Differentiation, Low Liquidity Ails
Per the Zacks analyst, differentiation through capitalization of extensive assets ensures long-term profitable growth for WM. Low liquidity remains a concern.
Investments, Clean Generation Focus Aid PPL Corporation (PPL)
Per the Zacks analyst, PPL's strategic investment of $20 billion during 2025-2028 should strengthen its infrastructure. Focus on renewables projects should further boost margins.
Pembina (PBA) to Gain from Canada's Energy Infrastructure Gap
The Zacks analysts believe that the infrastructure shortfall in Canada presents growth opportunities for Pembina Pipeline, with C$4 billion in projects, but its C$10.5 billion debt raises caution.
Harmony (HMY) Gains on Development Projects Amid Cost Woes
Per the Zacks analyst, Harmony Gold will benefit from the advancement of its key projects that are expected to enhance production amid headwinds from high labor and electricity costs.
Ayvakit Sales Boosts Blueprint (BPMC), Overdependence a Woe
Per the Zacks analyst, increased demand for Ayvakit should fuel BPMC's growth in the quarters ahead. However, overdependence of the topline on the drug's sales is concerning.
Spectrum Brands' (SPB) Pricing & Other Initiatives on Track
Per the Zacks analyst, Spectrum Brands has been benefiting from increased pricing, cost improvements and a favorable mix. The company's e-commerce business appears encouraging as well.
New Upgrades
Coinbase (COIN) Boasts Revenue Growth, Solid Balance Sheet
Per the Zacks analyst, higher transaction revenues, subscription and services revenues, growth in crypto assets should drive Coinbase revenues. Its solid balance sheet provides financial flexibility.
Veeva Systems (VEEV) Gains on Solid R&D, Strategic Alliances
Per the Zacks analyst, Veeva Systems is gaining from strong customer adoption and strategic alliances. Innovation, a solid product portfolio, and a debt-free balance sheet are also fueling growth.
Sprouts Farmers' (SFM) Omnichannel Offering to Propel Sales
Per the Zacks analyst, Sprouts Farmers' assortment of better-for-you products, focus on providing hassle-free shopping through omnichannel offering & a network of fresh distribution centers bode well.
New Downgrades
Altice (ATUS) Plagued by Macroeconomic Headwinds, Soft Demand
Per the Zacks Analyst, macroeconomic challenges, geopolitical instability and sluggish demand trends in several segments will likely strain Altice's profitability.
Escalating Expense Base Impedes T. Rowe Price (TROW) Growth
Per the Zacks analyst, an increase in expenses based on technological advancements will hurt T. Rowe Price. Overdependence on investment advisory fees is another concern.
Ongoing Macro & Inflationary Headwinds Hurt RH's Prospects
Per the Zacks analyst, RH is hurting from a weak housing market and ongoing inflationary pressures. Unfavorable foreign exchange risks also add to headwinds given itsglobal marketpresence.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Salesforce Inc. (CRM) : Free Stock Analysis Report
Waste Management, Inc. (WM) : Free Stock Analysis Report
ICICI Bank Limited (IBN) : Free Stock Analysis Report
T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report
Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report
Old Point Financial Corporation (OPOF) : Free Stock Analysis Report
Coinbase Global, Inc. (COIN) : Free Stock Analysis Report
BayFirst Financial Corp. (BAFN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Stock Reports for T-Mobile, Salesforce & Alibaba

Martin Zweig Detailed Fundamental Analysis - IBN

Monday, November 25, 2024
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Costco Wholesale Corp. (COST), T-Mobile US, Inc. (TMUS) and Uber Technologies, Inc. (UBER), as well as two micro-cap stocks, SandRidge Energy, Inc. (SD) and Elite Pharmaceuticals, Inc. (ELTP). These research reports have been hand-picked from roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Costco’s shares have outperformed the Zacks Retail – Discount Stores industry over the last six months (+19.0% vs. +9.5%). The Zacks analyst believes that strategic investments, a customer-centric approach, merchandise initiatives and an emphasis on membership growth have been helping the company.
However, Costco faces stiff competition from BJ’s Wholesale Club and Sam’s Club, a division of Walmart Stores. These two rivals follow similar business models. Also, Costco's global presence exposes an inherent vulnerability to foreign currency fluctuations.
(You can read the full research report on Costco here >>>)
T-Mobile US’s shares have outperformed the Zacks Wireless National industry over the past year (+60.1% vs. +39.1%). The Zacks analyst believes that solid demand for postpaid services, solid growth in free cash flow and efficient capital management have aided the company.
Yet, the highly competitive and saturated nature of the U.S. wireless market could adversely affect its financial results. Declining prepaid ARPU remains a concern.
(You can read the full research report on T-Mobile US here >>>)
Shares of Uber have outperformed the Zacks Internet - Services industry over the past two years (+157.6% vs. +73.5%). Per the Zacks analyst, the company’s efforts to expand its delivery operations through successive acquisitions are encouraging. Continued recovery in Mobility operations is also aiding the company.
However, Uber continues to witness high costs and expenses owing to a rise in sales and marketing expenses and cost of revenues. Increased spending on driver incentives is also pushing up costs. High debt levels are bothersome as well.
(You can read the full research report on Uber here >>>)
Shares of SandRidge Energy have underperformed the Zacks Oil and Gas – Integrated – United States industry over the past year (-14.4% vs. -2.0%). Per the Zacks analyst, the company faces significant challenges due to declining natural gas prices and production volumes, which are pressuring revenues, cash flow and profitability. Its heavy reliance on the Mid-Continent region increases its exposure to regional risks.
Yet, recent strategic acquisitions targeted at enhancing the company’s stature are a part of SandRidge's ongoing efforts to optimize its asset base.
(You can read the full research report on SandRidge Energy here >>>)
Shares of Elite Pharma have outperformed the Zacks Medical – Drugs industry over the past year (+300.5% vs. +5.5%). Per the Zacks analyst, success of the Elite label products and expanding portfolio like high-value Abbreviated New Drug Applications for medications like Methotrexate and controlled substances have benefited. Its recent facility expansion enhances manufacturing capacity, supporting future product launches.
Yet, risks include customer concentration, pricing pressure from large buyers, intense competition, and regulatory challenges related to controlled substances. Supply chain vulnerabilities and potential overextension in product launches are other concerns.
(You can read the full research report on Elite Pharma here >>>)
Other noteworthy reports we are featuring today include NVIDIA Corp. (NVDA), Chubb Ltd. (CB) and ICICI Bank Ltd. (IBN).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Decent Comparable Sales Run to Fuel Costco's (COST) Top Line
T-Mobile (TMUS) Rides on Healthy Demand for Postpaid Services
Uber (UBER) Rides on Delivery Business Amid Rising Expenses
Featured Reports
Strong Demand for Key Drugs Drive BioMarin's (BMRN) Sales
While BioMarin's key drugs like Vimzim and Naglazyme continue to drive sales, the Zacks Analyst is encouraged by rapid uptake for dwarfism drug Voxzogo which has opened up a new sales opportunity.
Copart (CPRT) to Gain From Purple Wave Buyout Amid High Costs
Per the Zacks analyst, Purple Wave's current markets provide enough opportunities for Copart to attract new sellers. However, rising G&A remains a concern.
Solid American Income Aids Globe Life (GL), Expenses Hurt
Per the Zacks analyst, Globe Life is set to grow on solid American Income distribution channel, which drives the premium income and underwriting margin. However, high costs remain a concern.
Technology, Loans Support ICICI Bank (IBN), High Costs a Woe
Per the Zacks analyst, ICICI Bank's efforts to digitize operations, rising rates and steady loan and deposit growth will aid profitability. Yet, weak credit quality and higher costs are key headwinds.
Durango Expansion Aids Red Rock Resorts (RRR), Costs High
Per the Zacks analyst, Red Rock Resorts benefits from strong performances at Las Vegas and Durango Casino Resort. Also focus on development projects bode well. However, high costs are a concern.
Better Pricing, New Business Growth Drive Chubb Limited (CB)
Per the Zacks analyst, Chubb is set to grow on better pricing, new business growth and high renewal rates. Yet, exposure to cat loss induces volatility while rising costs pressurize margins.
Solid Tower Demand & Investments Aid American Tower (AMT)
Per the Zacks analyst, American Tower is expected to gain from the network investments by wireless carriers amid decent growth in wireless data consumption. However, customer concentration ail.
New Upgrades
Investments & Clean Power Generation Aid Avangrid (AGR)
Per the Zacks analyst, Avangrid's consistent investments will assist in upgrading its infrastructure. An expanding wind and solar generation portfolio will boost the company's performance.
NVIDIA (NVDA) Rides on Strong Adoption of GPUs, Partnerships
Per the Zacks analyst, rapid adoption of NVIDIA's GPUs in the gaming and data center end markets is a key growth driver. Partnership with companies like Arrow, Baidu, Daimler and Bosch is a tailwind.
Strength in Thrombectomy Continues to Aid Surmodics (SRDX)
The Zacks analyst is upbeat about Surmodics' continued potential in its thrombectomy products. Solid efforts to improve its research and development stature is an added plus.
New Downgrades
Heavy Reliance on One Customer to Hurt Antero Midstream (AM)
Per the Zacks analyst, Antero Midstream's heavy reliance on Antero Resources as its primary customer makes it vulnerable to any negative development in the latter's production business.
Maro Headwinds, Rising Expenses Weaken America Movil (AMX)
Per the Zacks analyst, America Movil's performance in certain regions is adversely impacted by various macroeconomic and forex woes. Increasing costs and stiff rivalry are other headwinds.
Weak End-Market Demand Hurts Skyworks' (SWKS) Prospects
Per the Zacks analyst, Skyworks is suffering from high inventory levels, uneven demand across segments, and muted global demand in automotive and industrial markets
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Chubb Limited (CB) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
ICICI Bank Limited (IBN) : Free Stock Analysis Report
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report
Uber Technologies, Inc. (UBER) : Free Stock Analysis Report
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Top Stock Reports for Costco, T-Mobile US & Uber

Below is Validea's guru fundamental report for ICICI BANK LTD (ADR) (IBN). Of the 22 guru strategies we follow, IBN rates highest using our Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
ICICI BANK LTD (ADR) (IBN) is a large-cap growth stock in the Money Center Banks industry. The rating using this strategy is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ICICI BANK LTD (ADR)
IBN Guru Analysis
IBN Fundamental Analysis
More Information on Martin Zweig
Martin Zweig Portfolio
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
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ICICI Bank Ltd.’s IBN net income for the second quarter of fiscal 2025 (ended Sept. 30, 2024) was INR 117.5 billion ($1.4 billion), up 14.5% from the prior-year quarter.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
Results were driven by a rise in net interest income (NII), non-interest income, and growth in loans and deposits. However, higher operating expenses and provisions were the undermining factors.
IBN’s NII & Fee Income Improve, Expenses Rise
NII grew 9.5% year over year to INR 200.5 billion ($2.39 billion). The net interest margin was 4.27%, down 26 basis points.
Non-interest income was INR 65 billion ($775 million), up 10.8% year over year. Fee income increased 13.3% year over year to INR 58.9 billion ($703 million).
In the reported quarter, IBN recorded a treasury income of INR 6.8 billion ($81 million), up significantly from the prior-year quarter.
Operating expenses totaled INR 105 billion ($1.25 billion), up 6.6% year over year.
ICICI Bank’s Loans & Deposits Increase
As of Sept. 30, 2024, ICICI Bank’s total advances were INR 12,772.4 billion ($152.42 billion), up 4.4% sequentially. Growth was primarily driven by a solid rise in business banking loans and retail loans.
Total deposits grew 5% sequentially to INR 14,977.6 billion ($178.73 billion).
IBN’s Credit Quality: Mixed Bag
As of Sept. 30, 2024, the net non-performing assets (NPA) ratio was 0.42%, which declined from 0.43% in the prior-year period. Recoveries and upgrades (excluding write-offs and sales) of NPAs were INR 33.19 billion ($396 million) in the reported quarter.
In the fiscal second quarter, there were net additions of INR 17.54 billion ($209.3 million) to gross NPA. Gross NPA additions were INR 50.73 billion ($605 million), while gross NPA written-off was INR 33.4 billion ($398 million).
Provisions (excluding provision for tax) increased substantially year-over-year to INR 12.3 billion ($147 million). As of Sept. 30, 2024, the bank held a total contingency provision of INR 131 billion ($1.56 billion).
Capital Ratios Strong For ICICI Bank
In compliance with the Reserve Bank of India's guidelines on Basel III norms, ICICI Bank's total capital adequacy was 16.66%, and Tier-1 capital adequacy was 15.96% as of Sept. 30, 2024. Both ratios were well above the minimum requirements.
Our Take on IBN
ICICI Bank’s quarterly performance was impressive, driven by increased consumer loan demand, improved deposit balances and growth in NII and non-interest income. These factors are anticipated to continue to support the bank’s financials. However, elevated expenses and weak asset quality amid macroeconomic uncertainties are significant near-term challenges.
ICICI Bank Limited Price, Consensus and EPS Surprise
ICICI Bank Limited price-consensus-eps-surprise-chart | ICICI Bank Limited Quote
ICICI Bank currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Foreign Banks
Deutsche Bank DB reported third-quarter 2024 earnings attributable to its shareholders of €1.5 billion ($1.6 billion), up 41.7% year over year.
Results were positively impacted by solid growth in Investment Bank revenues and the partial release of Postbank-related litigation provisions. However, DB has increased its provision of credit loss forecast for 2024.
Barclays’ BCS third-quarter 2024 net income attributable to ordinary equity holders of £1.56 billion ($2.03 billion) grew 23% year over year.
An increase in revenues (driven by solid investment banking performance), stable operating expenses (showing the success of cost-efficiency initiatives) and a solid balance sheet supported the results. Also, BCS recorded a fall in credit impairment charges in the quarter.
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Barclays PLC (BCS) : Free Stock Analysis Report
ICICI Bank Limited (IBN) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	18.79 13.37
Price/Sales	3.35 1.92
P/B	3.20 1.10
P/FCF	13.79 10.25

Indicator	TTM Median
ROE	17.16 10.06
ROA	2.00 1.13
ROI	9.78 6.38
Net Worth	106.95 0.99
Quick Ratio	0.00 1.40
Current Ratio	1.00 0.96

Indicator	TTM Median
Net Profit Margin	17.75 15.86
Operating Margin	20.70 21.72
Gross Margin	68.83 68.17
Return on tangible equity	17.30 12.03

Indicator	TTM Median
EPS	0.00 0.60
EPS Forecast	0.35 0.61
Revenue	8.68B 85.50M
Gross Profit	6.04B —
EBITDA	0.00 —

ICICI Bank Limited

Fundamental IBN

Valuation

Debts

Efficiency

Other ratios

Revenue