Foreign Regional Banks

(HDB) HDFC Bank Analyst Maintains Neutral on Shares

We are have maintained our long-term ‘Neutral’ recommendation on HDFC Bank Ltd. (HDB). The decision is based on the company’s impressive fiscal second-quarter (September 30) results. However, continuously rising operating expenses...

2Jan2013 | | Comments Off on (HDB) HDFC Bank Analyst Maintains Neutral on Shares | Continued

(WF) Bank of America Corporation Entangled in Lawsuit Again

On Friday, South Korea-based Woori Bank, a unit of Woori Finance Holdings Co. Ltd. (WF), sued Merrill Lynch unit of Bank of America Corporation (BAC). Woori’s...

17Jun2012 | | Comments Off on (WF) Bank of America Corporation Entangled in Lawsuit Again | Continued

(HDB) HDFC Bank Limited – ADS – Bear of the Day

HDFC Bank’s (HDB) higher operating expenses were the headwind in the company’s most recently reported quarter. The company is still exposed to threats related to higher cost of funds. Growing competition in the retail space...

13Jan2012 | | 0 comments | Continued

(HDB) HDFC Bank Limited – ADS – Bear of the Day

HDFC Bank (HDB), like most Indian banks, are expected to encounter higher cost of funds as they have to raise deposit rates to meet increasing loan demand. This will keep margins of some banks including HDFC Bank under pressure. But...

20Oct2011 | | 0 comments | Continued

(HDB) HDFC Bank Limited – ADS – Bear of the Day

HDFC Bank, Ltd.’s (HDB) fiscal fourth quarter 2011 (ended March 31, 2011) net earnings were up 33.2% year over year. However, higher operating expenses were among the negatives. The company is still exposed to the threat related...

16Jun2011 | | 0 comments | Continued

(HDB) HDFC Bank Limited – ADS- Bear of the Day

HDFC Bank, Ltd.’s (HDB) fiscal fourth quarter 2011 (ended March 31, 2011) net earnings were up 33.2% year over year. However, higher operating expenses were among the negatives. The company is still exposed to the threat related...

9Jun2011 | | 0 comments | Continued

(HDB) HDFC Bank Limited – Bear of the Day

We downgrade our recommendation on HDFC Bank, Ltd. – ADS (HDB) to Underperform from Neutral based on the looming threat of higher cost of funds and ebbing loan demand.

Higher operating expenses along with puffy provisions...

13Mar2011 | | 0 comments | Continued

(BCH) Non-U.S. Banks Stock Update – July 2010 – Industry Outlook

The global banking industry has been recovering at a slower pace from the worst downturn since the Great Depression that started as a credit issue in the subprime segment of the U.S. mortgage market and ultimately spread to engulf almost the entire global financial services industry. Though the worst...

8Jul2010 | | 0 comments | Continued

(HDB) HDFC Bank’s Profit Increases

HDFC Bank’s (HDB) 2010 fiscal third quarter (ended Dec. 31, 2009) net earnings of INR8,185 million (US$175 million) were up 31.6% from the prior-year quarter, due primarily to a strong growth in net revenues, almost stable operating...

18Jan2010 | | 0 comments | Continued

(BBV) Moody’s Reaffirms BBVA Compass Bank Ratings

Following the announcement of the acquisition of the failed Guaranty Bank by BBVA Compass, Moody’s has affirmed its current downgraded ratings on the company. BBVA Compass is a wholly-owned subsidiary of Banco Bilbao Vizcaya Argentaria (BBV).

Though the rating agency reaffirmed...

27Aug2009 | | 0 comments | Continued