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State Bank of India is currently in a long term uptrend where the price is trading 33.5% above its 200 day moving average.
From a valuation standpoint, the stock is 95.4% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 1.6.
State Bank of India's total revenue rose by 7.3% to $589B since the same quarter in the previous year.
Its net income has dropped by 4.2% to $63B since the same quarter in the previous year.
Based on the above factors, State Bank of India gets an overall score of 3/5.
Sector | Financial Services |
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Industry | Banks-Regional |
ISIN | INE062A01020 |
CurrencyCode | INR |
Exchange | NSE |
Dividend Yield | 1.3% |
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Market Cap | 5T |
Beta | 0.68 |
PE Ratio | 10.1 |
Target Price | 710.16 |
State Bank of India provides banking products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers in India and internationally. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business segments. It offers personal banking products and services, including current accounts, savings accounts, salary accounts, fixed and recurring deposits, and flexi and annual deposits; home, personal, auto, education, and gold loans, as well as loans against property and securities; overdrafts; mutual funds, insurance, equity trading, portfolio investment schemes, remittance services; and mobile and digital banking services. The company also provides corporate banking products and services comprising corporate accounts, working capital and project finance, deferred payment guarantees, corporate term loans, structured finance, dealer and channel financing, equipment leasing, loan syndication, construction equipment loans, financing Indian firms' overseas subsidiaries or JVs, cash management, and asset-backed loans, as well as trade and service products. In addition, it offers NRI services, including accounts and deposits, remittances, investments, and loans; agricultural banking and micro-credit to agriculturists and farmers; supply chain finance, and deposits and transaction banking services for SME customers; and international banking services. Further, the company provides treasury, broking, bill payment, and MICR services; and merchant banking, advisory, securities broking, business & management consultancy, trustee business, factoring, payment, asset management, investment management, credit cards, and custody and fund accounting services. It also offers support and business correspondent services. State Bank of India was founded in 1806 and is headquartered in Mumbai, India.
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