ICICI Bank stock: JPMorgan raises target for ICICI Bank stock to INR 1,800

Published on 10/21/2026 at 16:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Profit after tax rose 20.1 percent to INR 148.43 billion in Q2 2027. ICICI Bank stock costs EUR 26.20 on October 21, 2026 at 4:10 p.m. CEST.

Target and quarterly results

JPMorgan raised its ICICI Bank target to INR 1,800 from INR 1,735 on October 18, 2026.
Profit after tax rose 20.1 percent to INR 148.43 billion in the second quarter of fiscal 2027.
ICICI Bank stock stood at EUR 26.20 at Lang & Schwarz on October 21, 2026 at 4:10 p.m. CEST.

IBN, US45104G1040, Illustration mit AI erstellt.

ICICI Bank Limited (ISIN US45104G1040) saw JPMorgan raise its price target to INR 1,800 from INR 1,735 on October 18, 2026, while retaining an Overweight rating, according to Investing.com. ICICI Bank reported strong second-quarter results on October 17, 2026, while its euro quote stood at EUR 26.20 at Lang & Schwarz on October 21, 2026 at 4:10 p.m. CEST.

JPMorgan lifts the target

The revised target followed net interest income of INR 253.4 billion in the second quarter of fiscal 2027, up 18.0 percent year over year and 2.0 percent above JPMorgan's estimate. Pre-provision operating profit reached INR 205.8 billion, 19.0 percent higher year over year and 7.0 percent above the firm's estimate, according to Investing.com.

The bank's profit after tax rose 20.1 percent year over year to INR 148.43 billion in the second quarter of fiscal 2027, while profit before tax excluding treasury increased 23.4 percent to INR 199.54 billion. The figures came from ICICI Bank's performance review dated October 17, 2026, published by ICICI Bank.

Margins temper the earnings strength

Net interest margin was 4.18 percent in the second quarter of fiscal 2027, down from 4.30 percent in the year-earlier quarter. The bank said total loans grew 30.0 percent year over year to INR 1,831.58 billion at September 30, 2026, while deposits increased 27.1 percent to INR 2,049.87 billion.

NYSE valuation and trading range

ICICI Bank's NYSE ADR was trading at USD 29.41 on October 21, 2026 at 10:25 a.m. ET. The same quote showed a USD 25.08 to USD 31.85 52-week range, a market capitalization of USD 104.2 billion and a price-to-earnings ratio of 17.01.

JPMorgan's target is stated in INR, so it is not directly netted against the euro quote. The bank's reported net non-performing asset ratio was 0.30 percent at September 30, 2026, compared with 0.39 percent a year earlier, giving the earnings improvement a credit-quality measure.

ICICI Bank stock stays on the radar

The combination of a higher JPMorgan target, 20.1 percent profit growth and a 4.18 percent net interest margin gives investors three separate measures for assessing the second-quarter update. The euro quote was trading at EUR 26.20 at Lang & Schwarz on October 21, 2026 at 4:10 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of ICICI Bank stock.