Bank Stocks Outlook For The Week - 15 To 19.10.2018
Stocks of banks are seen moving northward in the upcoming truncated week, though the broader
market sentiment remains weak on back of strong technical signals. Markets will be shut on Thursday on account of Dussehra. Bank stocks are largely seen taking cues from the announcement of Jul-Sep earnings, which were kick-started by Bandhan Bank on Wednesday. Headline earnings will be affected by higher bond yields, further driving higher marked-to-market bond provisions. Adjusted
for this, earnings at retail banks should be good, helped by steady loan/fee growth and improving cost to income ratios, partially offset by lower margins. AU Small Finance Bank, IndusInd Bank, South Indian Bank, Federal Bank, Jammu & Kashmir Bank, and DCB Bank are scheduled to detail their earnings next week.
Source : Cogencis Information Services Ltd.
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Stocks of banks are seen moving northward in the upcoming truncated week, though the broader
market sentiment remains weak on back of strong technical signals. Markets will be shut on Thursday on account of Dussehra. Bank stocks are largely seen taking cues from the announcement of Jul-Sep earnings, which were kick-started by Bandhan Bank on Wednesday. Headline earnings will be affected by higher bond yields, further driving higher marked-to-market bond provisions. Adjusted
for this, earnings at retail banks should be good, helped by steady loan/fee growth and improving cost to income ratios, partially offset by lower margins. AU Small Finance Bank, IndusInd Bank, South Indian Bank, Federal Bank, Jammu & Kashmir Bank, and DCB Bank are scheduled to detail their earnings next week.
Source : Cogencis Information Services Ltd.
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