Nomura Adjusts ICICI Bank's Price Target to 1,740 Indian Rupees

ICICI Bank reported Q2 2027 earnings with profit before tax up 23.4% YoY to INR199.54 billion. Deposits grew 27.1% YoY, while net NPA ratio improved to 0.30%. Fee income rose 20.1% YoY, but net interest margin declined to 4.18%. The bank expects margin moderation in Q3 due to FCNR(B) deposits and seasonal factors. Management anticipates margin recovery from Q4. CET1 ratio remains strong at 16.01%.

ICICI Bank reported Q2 2027 earnings with profit before tax up 23.4% YoY to INR199.54 billion. Deposits grew 27.1% YoY, and the net NPA ratio improved to 0.30%. Fee income rose 20.1% YoY, but net interest margin declined to 4.18%. The bank expects margins to moderate further in Q3 due to FCNR(B) deposits and seasonal agriculture provisions. Management discussed growth strategies and margin expectations during the earnings call.

Axis Bank reported a 37.6% Y/Y rise in Q2 net profit to INR 70.03bln, missing estimates. HDFC Bank's Q2 net profit rose 4.7% Y/Y to INR 195.10bln, also missing estimates. ICICI Bank's Q2 net profit rose 20.1% Y/Y to INR 148.43bln, beating expectations. Yes Bank's Q2 net profit rose 65% Y/Y to INR 10.80bln, but a court ruling could reverse this. India plans to cut prices of 137 cancer drugs by 70% and cap trade margins at 30%.

ICICI Bank reported a 20.1% YoY rise in Q2 net profit, beating estimates. Brokerages like Goldman Sachs, JPMorgan, and Nomura raised targets, citing strong loan growth and profitability. Goldman Sachs sees 45% upside with a target of Rs 2,025. ICICI Bank's NIM was 4.18%, and total advances grew 30% YoY.

ICICI Bank (IBN) reported Q2 2027 earnings, highlighting a net NPA ratio of 0.30%, a CET1 ratio of 16.01%, and total capital adequacy of 16.68%. Loan growth varied across segments, with mortgage and personal loans showing strong gains, while credit card loans declined. The bank's net interest income rose 17.7% year-on-year, and non-interest income increased 12.5%. The bank also purchased additional shares in ICICI Life Insurance Limited.

JPMorgan raised its price target for ICICI Bank (NYSE:IBN) to INR1,800.00 from INR1,735.00, citing strong Q2 earnings that exceeded expectations. Net interest income rose 18% year-over-year, and profit after tax increased 20%. JPMorgan also raised its earnings forecasts for FY 2027-2029. ICICI Bank reported a 20.1% increase in net profit but noted potential margin pressure.