Shares of ICICI Bank Limited (NYSE:IBN) traded today at $22.77, eclipsing its 52-week high. So far today approximately 900,000 shares have been exchanged, as compared to an average 30-day volume of 7 million shares.
ICICI Bank Limited (NYSE:IBN) is currently priced 12.2% above its average consensus analyst price target of $20.00.
ICICI Bank Ltd provides banking services. The company’s operating segment include Retail Banking; Wholesale Banking; Treasury, Life insurance, and Other Banking Business. It generates maximum revenue from the Retail Banking segment. Retail Banking segment includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs. Treasury segment includes the entire investment and derivative portfolio of the Bank. Wholesale Banking segment includes all advances to trusts, partnership firms, companies, and statutory bodies.
In the past 52 weeks, shares of ICICI Bank Limited have traded between a low of $16.36 and a high of $22.77 and is now at $22.77, which is 39% above that low price.
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