- SBI reported a net income of 168.9 billion rupees for the third quarter.
- This net income figure represents an 84% increase compared to the same period last year.
- The reported net income exceeded analysts’ estimates of 165.4 billion rupees.
- SBI’s gross non-performing assets were 2.07%, slightly higher than the estimated 2.05%.
- The total amount of gross non-performing assets rose by 1.2% from the previous quarter to 843.6 billion rupees.
- Analysts expected the gross non-performing assets to be 836.36 billion rupees.
- There are currently 39 buy ratings, 6 hold ratings, and 5 sell ratings for SBI.
A look at State Bank Of India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
State Bank of India, a prominent player in the banking sector, is positioned favorably for the long term based on the Smartkarma Smart Scores analysis. With strong scores across various factors including Value, Dividend, Growth, Resilience, and Momentum, the outlook for the company appears promising. These scores indicate that State Bank of India is well-valued, offers attractive dividends, shows potential for growth, displays resilience in challenging times, and has positive momentum in the market.
State Bank of India, with its diverse range of banking and financial services catering to a wide customer base in India and internationally, is well-poised to navigate future challenges and capitalize on growth opportunities. The high scores in Value, Dividend, Growth, Resilience, and Momentum reflect the company’s solid foundation and potential for sustained performance in the long run, making it a noteworthy prospect for investors seeking stable and profitable investments in the banking sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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