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NYSE:IBN

ICICI Bank (IBN) Stock Forecast, Price & News

$22.90
+0.09 (+0.39%)
(As of 09/28/2023 ET)
Compare
Today's Range
$22.75
▼
$22.93
50-Day Range
$22.74
▼
$24.66
52-Week Range
$19.34
▼
$24.80
Volume
3.07 million shs
Average Volume
4.99 million shs
Market Capitalization
$80.17 billion
P/E Ratio
20.82
Dividend Yield
0.74%
Price Target
N/A
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

ICICI Bank MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.41% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.37mentions of ICICI Bank in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.40%
From $1.29 to $1.45 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

Finance Sector

666th out of 877 stocks

Commercial Banks, Not Elsewhere Classified Industry

27th out of 29 stocks

See Top Rated MarketRank™ Stocks Here

IBN stock logo

About ICICI Bank (NYSE:IBN) Stock

ICICI Bank Limited is a leading private-sector bank in India. The bank was founded in 1955 under the guidance of The World Bank, the government of India, and India’s leading businessmen. The purpose of the bank was to provide financing for industrial projects and it held to that mission until the 1990s. Reforms of India’s financial sector allowed the bank to pursue other avenues including but not limited to consumer banking and loans.

Since then, the maturing of India’s market has allowed the company to expand even further. The company was incorporated as ICICI Bank as part of ICICI Group in 1994 and went on to become the first Asian bank outside of Japan to be listed on the NYSE. Over the years, the bank has merged with several subsidiaries of ICICI Group and with ICICI Group itself as it consolidated its position as a leading bank in India.

Today, ICICI Bank provides a broad array of banking products and financial services in India and internationally including personal and business banking as well as NRI, insurance products, and corporate services. The firm is headquartered in Mumbai and is the 5th largest bank in India with operations in 17 countries including the US, UK, Singapore, and Bahrain.

The company operates its Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Other segments through a network of branches, ATMs, and websites. The company listed 5,418 branches in 2022 and more than 13,340 ATMs as well. The company’s services can all be accessed by phone or through the network of nine websites as well as on mobile devices.

The company offers consumer products ranging from savings to checking as well as retirement and insurance products. The company’s loan products run from home, car, personal, and commercial business loans to loans for gold, loans against securities, collateral-free loans, and financing for importers/exporters, start-up businesses, and education. The bank is particularly strong with its Agri and rural business, farmer finance, and tractor loans.

Among the Other services the company provides are portfolio management, brokerage, foreign exchange, NRI banking (non-resident of India), and family wealth accounts. Business services include commercial and investment banking, access to capital markets, and an array of business finance products. In regard to the bank's health, its senior secured notes carry investment grade ratings from both major rating agencies.

ICICI Bank is committed to aiding India’s economic growth and development. The company operates the ICICI Foundation which works hard at improving financial literacy in an all-inclusive manner.





IBN Price History

IBN Stock News Headlines

September 20, 2023 | marketbeat.com
5 NYSE-Listed Emerging Market Stocks For Income Investors (IBN)
Emerging markets could be spotlighted in 2024 due to outsized growth; here are 5 emerging market stocks that pay dividends and trade on US exchanges
September 28, 2023 | benzinga.com
Here's How Much You Would Have Made Owning ICICI Bank Stock In The Last 10 Years
September 28, 2023 | Chaikin Analytics (Ad)
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
September 26, 2023 | msn.com
Return ratios now even more starkly in favour of ICICI Bank compared to HDFC Bank
September 21, 2023 | msn.com
MFG or IBN: Which Is the Better Value Stock Right Now?
September 19, 2023 | americanbankingnews.com
ICICI Bank (NYSE:IBN) Stock Price Crosses Above Two Hundred Day Moving Average of $22.70
September 12, 2023 | finance.yahoo.com
ICICI Bank Stock Scores Relative Strength Rating Upgrade
September 11, 2023 | benzinga.com
Here's How Much You Would Have Made Owning ICICI Bank Stock In The Last 15 Years
September 28, 2023 | Chaikin Analytics (Ad)
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
September 1, 2023 | msn.com
Axis Bank, ICICI Bank emerge as top-performing card issuers in July 2023
August 21, 2023 | finance.yahoo.com
5 Reasons to Invest in ICICI Bank (IBN) Stock Right Now
August 14, 2023 | seekingalpha.com
ICICI Bank: Still Neutral
August 10, 2023 | msn.com
Wall Street Analysts Believe ICICI Bank Limited (IBN) Could Rally 29.57%: Here's is How to Trade
August 9, 2023 | in.investing.com
ICICI Bank’s Shares Turn Ex-Dividend, Stock Dips
August 8, 2023 | msn.com
ICICI Bank launches monsoon offers, get an iPhone 14 for an EMI of Rs 2,341
August 8, 2023 | finance.yahoo.com
ICICI Bank (IBN) Rides on High Rates & Loans Amid Cost Woes
August 6, 2023 | in.investing.com
ICICI Bank Gets RBI’s Approval to Raise Stake in ICICI Lombard
August 6, 2023 | msn.com
Shocking Details! ICICI Bank Fraud Case: Chanda Kochhar Allegedly Threatened To Share Jail Room With Indrani Mukerjea
August 5, 2023 | msn.com
ICICI Bank gets RBI’s approval to raise stake by 4% in ICICI Lombard
August 2, 2023 | msn.com
ICICI Bank, Tata Power: Here's what Gaurang Shah of Geojit Financial says on these two stocks
August 2, 2023 | markets.businessinsider.com
DBS Sticks to Their Buy Rating for Icici Bank (IBN)
July 28, 2023 | finance.yahoo.com
ICICI Bank Limited Files Annual Report on Form 20-F for Fiscal Year 2023
July 24, 2023 | finance.yahoo.com
ICICI Bank (IBN) Q1 Earnings Increase on Rising NII & Loans
July 23, 2023 | msn.com
ICICI Bank, YES Bank, Kotak Mahindra Bank Q1 FY24 results today: What is expected?
July 23, 2023 | reuters.com
India's ICICI Bank beats estimates with record April-June net profit
July 22, 2023 | reuters.com
India's ICICI Bank posts 40% jump in April-June net profit
July 22, 2023 | bloomberg.com
ICICI Bank Quarterly Profit Tops Estimates on Strong Loan Growth
See More Headlines
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IBN Company Calendar

Last Earnings
7/22/2023
Today
9/28/2023
Next Earnings (Estimated)
10/27/2023
Fiscal Year End
3/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Current Symbol
NYSE:IBN
CUSIP
N/A
CIK
1103838
Web
www.icicibank.com
Phone
912233667777
Fax
91-22-2653-1122
Employees
157,799
Year Founded
1994

Profitability

EPS (Most Recent Fiscal Year)
$1.10
Trailing P/E Ratio
20.80
Forward P/E Ratio
17.74
P/E Growth
1.62
Net Income
$4.25 billion
Net Margins
23.80%
Pretax Margin
29.77%
Return on Equity
14.59%
Return on Assets
1.64%

Debt

Debt-to-Equity Ratio
0.79
Current Ratio
0.99
Quick Ratio
0.99

Sales & Book Value

Annual Sales
$16.08 billion
Price / Sales
4.98
Cash Flow
$1.30 per share
Price / Cash Flow
17.57
Book Value
$7.92 per share
Price / Book
2.89

Miscellaneous

Outstanding Shares
3,500,850,000
Free Float
N/A
Market Cap
$80.10 billion
Optionable
Optionable
Beta
0.89

Social Links

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Key Executives

  • Mr. Sandeep Bakhshi B.E.Mr. Sandeep Bakhshi B.E. (Age 63)
    MD, CEO & Exec. Director
    Comp: $1.63M
  • Mr. Sandeep Batra A.C.S. (Age 57)
    B.Com, B.Com., CA, CS, F.C.A., Pres & Exec. Director
    Comp: $1.03M
  • Mr. Anindya Banerjee
    Group CFO & Head of Investor Relations
  • Mr. Rakesh Jha BE (Age 51)
    PGDM, Exec. Director
    Comp: $803.12k
  • Rajendra Khandelwal
    Chief Accountant
  • Ms. Prachiti D. Lalingkar
    Company Sec. & Compliance Officer
  • Mr. Prasanna Balachander (Age 52)
    Head of Markets & Proprietory Trading and Group Exec.
  • Mr. Akshay Chaturvedi
    Country Head of USA
  • Mr. Vivek Ranjan
    Chief Mang.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













IBN Stock - Frequently Asked Questions

Should I buy or sell ICICI Bank stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ICICI Bank in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" IBN shares.
View IBN analyst ratings or view top-rated stocks.

How have IBN shares performed in 2023?

ICICI Bank's stock was trading at $21.89 at the beginning of the year. Since then, IBN shares have increased by 4.5% and is now trading at $22.88.
View the best growth stocks for 2023 here.

Are investors shorting ICICI Bank?

ICICI Bank saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 14,400,000 shares, an increase of 5.0% from the August 31st total of 13,710,000 shares. Based on an average trading volume of 3,830,000 shares, the days-to-cover ratio is presently 3.8 days.
View ICICI Bank's Short Interest.

When is ICICI Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our IBN earnings forecast.

How were ICICI Bank's earnings last quarter?

ICICI Bank Limited (NYSE:IBN) posted its earnings results on Saturday, July, 22nd. The bank reported $0.24 EPS for the quarter. The bank had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.76 billion. ICICI Bank had a net margin of 23.80% and a trailing twelve-month return on equity of 14.59%.

What ETFs hold ICICI Bank's stock?

ETFs with the largest weight of ICICI Bank (NYSE:IBN) stock in their portfolio include Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM), Global X Emerging Markets ETF (EMM), Global X Emerging Markets Great Consumer ETF (EMC), Amplify International Enhanced Dividend Income ETF (IDVO), Clough Long/Short Equity ETF (CBLS), Matthews Emerging Markets ex China Active ETF (MEMX), Clough Select Equity ETF (CBSE) and First Trust BICK Index Fund (BICK).

Is ICICI Bank a good dividend stock?

ICICI Bank (NYSE:IBN) pays an annual dividend of $0.17 per share and currently has a dividend yield of 0.76%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBN will have a dividend payout ratio of 11.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IBN.

When did ICICI Bank's stock split?

ICICI Bank shares split before market open on Tuesday, December 9th 2014. The 5-1 split was announced on Friday, January 1st 2100. The newly created shares were issued to shareholders after the market closes on Monday, December 8th 2014. An investor that had 100 shares of stock prior to the split would have 500 shares after the split.

What is Sandeep Bakhshi's approval rating as ICICI Bank's CEO?

1,313 employees have rated ICICI Bank Chief Executive Officer Sandeep Bakhshi on Glassdoor.com. Sandeep Bakhshi has an approval rating of 85% among the company's employees.

What other stocks do shareholders of ICICI Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ICICI Bank investors own include Infosys (INFY), Tata Motors (TTM), Alibaba Group (BABA), Bank of America (BAC), Ford Motor (F), HDFC Bank (HDB), General Electric (GE), Tesla (TSLA), Walt Disney (DIS) and Netflix (NFLX).

What is ICICI Bank's stock symbol?

ICICI Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "IBN."

Who are ICICI Bank's major shareholders?

ICICI Bank's stock is owned by a number of institutional and retail investors. Top institutional investors include WCM Investment Management LLC (2.04%), Capital International Investors (0.57%), Harding Loevner LP (0.44%), BlackRock Inc. (0.39%), Lazard Asset Management LLC (0.37%) and Robeco Institutional Asset Management B.V. (0.36%).

How do I buy shares of ICICI Bank?

Shares of IBN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is ICICI Bank's stock price today?

One share of IBN stock can currently be purchased for approximately $22.88.

How much money does ICICI Bank make?

ICICI Bank (NYSE:IBN) has a market capitalization of $80.10 billion and generates $16.08 billion in revenue each year. The bank earns $4.25 billion in net income (profit) each year or $1.10 on an earnings per share basis.

How many employees does ICICI Bank have?

The company employs 157,799 workers across the globe.

Does ICICI Bank have any subsidiaries?
The following companies are subsidiares of ICICI Bank: ICICI Bank Canada, ICICI Bank UK PLC, ICICI Home Finance Company Limited, ICICI Lombard General Insurance Company, ICICI Lombard General Insurance Company Limited, ICICI Prudential Asset Management Company Limited, ICICI Prudential Life Insurance Company Limited, ICICI Securities Limited, and ICICI Securities Primary Dealership Limited.
Read More
How can I contact ICICI Bank?

ICICI Bank's mailing address is ICICI BANK TOWERS BANDRA-KURLA COMPLEX, MUMBAI K7, 400051. The official website for the company is www.icicibank.com. The bank can be reached via phone at 912233667777, via email at investors@infotech.icici.com, or via fax at 91-22-2653-1122.

This page (NYSE:IBN) was last updated on 9/28/2023 by MarketBeat.com Staff

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