{
  "id": 15428380,
  "title": "JPMorgan raises ICICI Bank stock price target on strong earnings",
  "url": "https://urgent.news/2026/10/18/jpmorgan-raises-icici-bank-stock-price-target-on-strong-earnings",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-18T14:35:04.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/jpmorgan-raises-icici-bank-stock-price-target-on-strong-earnings-93CH-4955968"
  },
  "original_language": "en",
  "account": "JPMorgan lifted its stock price target for ICICI Bank (NYSE:IBN) to INR1,800.00 from INR1,735.00, while keeping an Overweight rating. The bank's second quarter performance surpassed expectations, with net interest income rising 18% year-over-year to Rs 253.4 billion, exceeding JPMorgan's estimate. Pre-provision operating profit increased 19% year-over-year to Rs 205.8 billion, surpassing estimates. Profit after tax climbed 20% year-over-year to Rs 148.4 billion, also above projections. Core net interest income, excluding interest on income tax refunds, grew 18% year-over-year, driven by 30% loan growth. The core net interest margin, excluding tax refunds, fell 4 basis points due to FCNR (B) deposits. The cost-to-income ratio was 38.4%, better than the estimated 41.2%. ICICI Bank's return on equity was 16%, with a P/E ratio of 18.05 and a market capitalization of $105.3 billion. Despite the positive earnings, the bank noted margin compression ahead and a one-off funding boost from FCNR deposits.",
  "summary": null,
  "key_points": [
    "JPMorgan raises ICICI Bank target to INR1,800 from INR1,735",
    "Bank's Q2 earnings exceeded expectations with 18% YoY net interest income growth",
    "Core net interest margin fell 4 basis points due to FCNR (B) deposits"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}