Brokerage Firm Rating Update on ICICI Bank Limited (IBN)

ICICI Bank Limited (IBN) : 2 brokerage houses believe that ICICI Bank Limited (IBN) is a Strong Buy at current levels. Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 2 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.


For this week, the average consensus of the company shares are rated as a Strong Buy.

ICICI Bank Limited (NYSE:IBN): The stock opened at $8.33 and touched an intraday high of $8.44 on Wednesday. During the day, the stock corrected to an intraday low of $8.32, however, the bulls stepped in and pushed the price higher to close in the green at $8.37 with a gain of 1.70% for the day. The total traded volume for the day was 11,024,927. The stock had closed at $8.23 in the previous trading session.

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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