BUZZ-India's ICICI Bank reverses losses on asset quality optimism

Monday, October 30 2017

BUZZ-India's ICICI Bank reverses losses on asset quality optimism BUZZ-India's ICICI Bank reverses losses on asset quality optimism Source : Last 10:20 hrs

** ICICI Bank Ltd's shares rise as much as 1.5 pct, reversing early losses of up to 2 pct
** Q2 profit fell more than expected to 20.58 bln rupees ($316.47 mln), but bad loans remained stable
** Jefferies upgrades stock to 'buy', citing "greater comfort" in bad loan additions going forward
** Goldman reiterates 'buy' on 'conviction list'; says India cenbank's audit of co's bad loans not completed but unlikely to result in a "major disappointment"


** Nomura expects gradual asset quality stability for ICICI Bank, retains 'buy'
** Out of 44 analysts covering the stock, 19 rate it 'strong buy' and 23 at 'buy' while the rest have a 'hold' or below ratings ($1 = 65.0300 Indian rupees) SEARCH