Morgan Stanley has overweight call on the stock and raised target price to Rs Rs 665 from Rs 625 earlier,
Brokerages also raised target price on the stock despite profitability hit by deferred tax assets (DTA) adjustment
Motilal Oswal also expects loan growth to come in at around 15 percent YoY, driven by retail and SME loans.
Net Interest Income (NII) is expected to increase by 21.4 percent Y-o-Y (up 0.7 percent Q-o-Q) to Rs. 7,792 crore, according to KR Choksey.
According to Narnolia Securities, the loan book is expected to grow by 17 percent YoY with healthy all-round growth across the segment.
Kotak Institutional Equities as well as Prabhudas Lilladher expect 22 percent decline year-on-year and 15 percent sequential fall in provisions for bad loans.
Centrum Broking expects ICICI to report strong 21.3 percent YoY growth in NII, helped by healthy 15 percent YoY growth in domestic loans and 27bps YoY expansion in NIM
NBFCs had a marginally better quarter than Q3 as liquidity eased for retail players. Slowdown in auto sales and increase in incremental cost of funding will weigh on Q4 performance
But non-auto consumer discretionary companies like Titan and Zee Entertainment are expected to report relatively stronger growth, Deutsche said.
Net Interest Income (NII) is expected to increase by 13.6 percent Y-o-Y (down 0.5 percent Q-o-Q) to Rs. 6,839.3 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to increase by 19.6 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 7,202.9 crore, according to Kotak.
Global brokerage firms recommend to stay put in ICICI Bank; raise respective target prices post Q3 results
Q3 earnings indicate a clear sky making ICICI Bank an exciting yet relatively safe investment bet for long term
Overall brokerages expect other income (non-interest income) as well as operating profit to grow more than 20 percent.
Net Interest Income (NII) is expected to increase by 18.5 percent Y-o-Y (up 5.4 percent Q-o-Q) to Rs. 6,761.2 crore, according to Sharekhan.
Net Interest Income (NII) is expected to increase by 20.7 percent Y-o-Y (up 7.3 percent Q-o-Q) to Rs. 6,887.6 crore, according to Kotak.
CLSA said earnings for smaller private banks, like IndusInd Bank and Yes Bank, may be impacted by provisioning for stressed loans and slower growth in corporate banking fees
Elara Capital does not expect any new large corporate loan account to slip barring re-classification of IL&FS
Input cost pressure is being increasingly absorbed by companies as the demand environment in weakening
Smaller companies have had a good run in September quarter. This suggests that such stocks can give good returns even as the market volatility ensues.
The bank's Q2 earnings reinforces our belief that it is on track to deliver targeted returns by June 2020
Overall brokerage houses expect ICICI Bank to report double digit growth in advances, largely driven by retail book.
Lower slippages, improving core profitability and undemanding valuation makes the risk-reward extremely favourable for ICICI Bank