Top Bank Stocks To Invest In Right Now

Motilal Oswal’s research report on State Bank of India

SBIN has demonstrated a strong improvement in asset quality, with GNPAs declining by 43% over the past three years, while PCR increased to 68% currently from 40% four years back. Fresh slippages moderated sharply to 1.2% in FY21 (2.5% in 1QFY22), lower v/s many of its private peers. AUCA book stood at INR1.72t – higher than the GNPL pool, with recoveries in the 6-11% range. Over the past five years, the bank has recovered ~INR400b from the AUCA book. We expect the recovery trends to continue as the IBC process gains pace after a long pause due to the COVID-19 restrictions. SBIN appears well positioned to report strong uptick in earnings, led by moderation in credit cost from FY22. The bank has historically delivered over 15% RoE for 10 years, before the worst phase of the corporate cycle hit earnings to the point that it reported back-to-back losses in FY17/FY18. During FY19-21, SBIN has shown a remarkable improvement in asset quality, reducing net NPLs to 1.8% at present from 5.7% in FY18, while PCR stands comparable to many well-run Private Banks.

Top Bank Stocks To Invest In Right Now: SVB Financial Group(SIVB)

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company offers deposit products, such as traditional deposit and checking accounts, certificates of deposit, money market accounts, and sweep accounts, as well as lockbox and merchant services; and lending products and services, including traditional term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credits, capital call lines of credits, and credit cards. It also provides cash management products and services comprising wire transfer and automated clearing house payment services, collection services, disbursement services, electronic funds transfers, and online banking services. In addition, the company offers foreign exchange services; letters of credit, including export, import, and standby letters of credit; investment services and solutions; brokerage; asset management; investment a dvisory services, such as outsourced treasury services; and non-banking products and services, such as funds management, venture capital/private equity investment, and equity valuation services. Further, it provides private banking services comprising mortgages, home equity lines of credit, restricted stock purchase loans, and other secured and unsecured lending services. As of March 09, 2012, the company operated 26 offices in the United States and 7 offices internationally. It serves customers in the technology, venture capital/private equity, life science, wine, and clean tech industries. The company was founded in 1982 and is headquartered in Santa Clara, California.

Advisors’ Opinion:

  • [By Nicholas Rossolillo (TMFnrossolillo)]

    Much of the financial index’s gain can be attributed to traditional banks and financial institutions recovering from the effects of the pandemic in 2020. But for Upstart Holdings (NASDAQ:UPST), SoFi Technologies (NASDAQ:SOFI), and SVB Financial Group (NASDAQ:SIVB), the story isn’t about recovery. It’s about all-out growth as consumers demand a new type of financial service business built for the digital age. Here’s why I’ve been buying (or planning to buy) more of all three this summer.

  • [By Logan Wallace]

    SG Americas Securities LLC grew its position in shares of SVB Financial Group (NASDAQ:SIVB) by 168.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,929 shares of the bank’s stock after purchasing an additional 6,233 shares during the quarter. SG Americas Securities LLC’s holdings in SVB Financial Group were worth $1,886,000 as of its most recent filing with the SEC.

  • [By Chris Lange]

    The S&P 500 stock posting the largest daily percentage gain ahead of the close was SVB Financial Group (NASDAQ: SIVB) which traded up about 5% at $321.80. The stock’s 52-week range is $180.33 to $333.74. Volume was 0.4 million compared to the daily average volume of 0.4 million.

  • [By Ethan Ryder]

    Hingham Institution for Savings (NASDAQ:HIFS) and SVB Financial Group (NASDAQ:SIVB) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their profitability, risk, institutional ownership, valuation, earnings, analyst recommendations and dividends.

Top Bank Stocks To Invest In Right Now: Asia Pacific Wire & Cable Corporation Limited(APWC)

Asia Pacific Wire & Cable Corporation Limited, through its subsidiaries, engages in the manufacture and distribution of telecommunications, power cable, and enameled wire products primarily in Thailand, China, Singapore, and Australia. The company offers telecommunications cable products, including copper-based and fiber optic cables for telephone and data transmissions; armored and unarmored low voltage power transmission cable, which is used to transmit electricity to and within commercial and residential buildings, as well as to outdoor installations, such as street lights, traffic signals, and other signs; and enameled wire, which is used in the assembly of a range of electrical products, such as oil-filled transformers, refrigerator motors, telephones, radios, televisions, fan motors, air conditioner compressors, and other electric appliances. It also distributes copper rod, and wire and cable products; and offers project engineering services in the supply, delivery, and installation of power cables. The company serves government organizations, electric contracting firms, electrical dealers, and wire and cable factories. Asia Pacific Wire & Cable Corporation Limited was founded in 1996 and is headquartered in Taipei, Taiwan. Asia Pacific Wire & Cable Corporation Limited is a subsidiary of Pacific Electric Wire & Cable Co., Ltd.

Advisors’ Opinion:

  • [By Lisa Levin]

    Check out these big penny stock gainers and losers

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    Gap, Inc. (NYSE: GPS) shares fell 7.5 percent to $30.49 in pre-market trading after the company posted downbeat earnings for its first quarter on Thursday. Comps were up 1 percent in the quarter.
    California Resources Corporation (NYSE: CRC) fell 6.4 percent to $33.91 in pre-market trading.
    Buckle Inc (NYSE: BKE) fell 4.9 percent to $24.50 in pre-market trading following weak quarterly sales.
    China Rapid Finance Limited (NYSE: XRF) shares fell 4.9 percent to $3.13 in pre-market trading after climbing 11.53 percent on Thursday.
    Ross Stores, Inc. (NASDAQ: ROST) fell 4.8 percent to $78.98 in pre-market trading. Ross Stores reported upbeat earnings for its first quarter, but issued weak forecast for the current quarter.
    Callon Petroleum Company (NYSE: CPE) shares fell 4.7 percent to $11.90 in pre-market trading after the company reported pricing of common

Top Bank Stocks To Invest In Right Now: International Speedway Corporation(ISCA)

International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. Its motorsports themed event operations consist principally of racing events at its motorsports entertainment facilities, which promote approximately 100 stock car, open wheel, sports car, truck, motorcycle, and other racing events. The company is also involved in souvenir merchandising operations; food and beverage concession operations; the provision of catering services in suites and chalets; and the creation of motorsports-related programming content carried on radio stations, as well as Sirius XM Radio, a national satellite radio service. In addition, it uses its motorsports entertainment facilities for testing for teams, driving schools, riding experiences, car shows, auto fairs, concerts, and music festivals, as well as settings for television commercials, print advertisements, and motion pictures; and rents ‘show cars’ for promotional events. The company owns and/or operates 13 motorsports entertainment facilities with approximately 763,500 grandstand seats and 548 suites. The company was formerly known as Daytona International Speedway Corporation and changed its name to International Speedway Corporation in 1968. International Speedway Corporation was founded in 1953 and is headquartered in Daytona Beach, Florida.

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