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Union Bank Of India (Credit Suisse) Weaker-than-expected operating performance, stable asset quality |
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Weak operating performance;Higher slippages due to system-based NPL recognition | Date | Rating | Target Price | Recommendation Price | Broker house | | 25 Jul 2011 | outperform | 342 | 309 | Credit Suisse Report | |
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Union Bank of India (Morgan Stanley) F1Q12: Weak Trends |
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Maintain Equal-weight rating
Adjusted NII down 6% QoQ, up 18% YoY. | Date | Rating | Target Price | Recommendation Price | Broker house | | 25 Jul 2011 | equalweight | 305 | 309 | Morgan Stanley Report | |
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Union Bank Of India (Citi) 1QFY12 Results: High Credit Costs Dampen Earnings |
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1Q12 profits down 23%yoy, well below estimates;P&L: Sharp increase in credit costs; NIM and fee moderation;Balance sheet: Lower growth outlook, asset quality can improve;Maintain Sell, moderation in operating fundamentals to cap upsides | Date | Rating | Target Price | Recommendation Price | Broker house | | 24 Jul 2011 | sell | 305 | 309 | Citi Report | |
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Union Bank of India (Emkay) Union Bank of India |
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NII growth below expectations; margins dip 34bps;Even as the balance sheet shrinks;Fees track balance sheet growth; dip by 22% qoq;Core operating profit growth at just 2% | Date | Rating | Target Price | Recommendation Price | Broker house | | 22 Jul 2011 | hold (from Accumulate) | 330 | 309 | Emkay Report | |
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Union Bank Of India (Angel) Contraction in business, NIM also declines sequentially |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 22 Jul 2011 | buy | 357 | 309 | Angel Report | |
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Union Bank Of India (Credit Suisse) update.2011.Jul.15 |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 15 Jul 2011 | outperform | 342 (from 384) | 299 | Credit Suisse Report | |
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Union Bank of India (Goldman Sachs) Financial Services: Data update: Updating FY12E-FY14E estimates |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 5 Jul 2011 |
neutral |
350 (from 360) |
-- |
Goldman Sachs Report |
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Union Bank of India (Citi) Steady, But Lacks Upside Triggers |
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Revising earnings down by 8-9% over FY12-13E;Valuations have corrected, but funding is key challenge
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 21 Jun 2011 |
sell |
305 (from 325) |
307 |
Citi Report |
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union bank of india (ICICIsec) Upbeat on intact NIM, declining slippages |
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Lower slippages augur well for asset quality.Margins healthy despite rising costs; One-off pension liability dents profits
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Reports.DesiStockResearch.com |
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union bank of india (citi) 4Q11 Results: Margin Surprise |
4Q11 profits were flat yoy, but better than expected; P&L: NIMs hold, trading gains surprise, but offset by high employee costs; Balance sheet: Back-ended growth, funding under some pressure; Stock has underperformed, but near-term headwinds likely to cap valuations
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 9 May 2011 |
sell |
325 |
319 |
citi Report |
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Reports.DesiStockResearch.com |
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