ICICI Bank (IBN) is Now 18th Largest Bank Globally: Worth a Look?

On Jun 25, ICICI Bank (IBN) became the 18th largest bank globally in terms of market cap as it touched an all-time high of $28.84 per share. This Mumbai, India-based lender now has a market cap of approximately$101 billion, surpassing Switzerland's largest bank UBS Group AG (UBS) , which has a market cap of almost $96 billion. Last year, UBS acquired Credit Suisse to become the biggest Swiss bank. After a decent price performance last year, shares of ICICI Bank have soared 20.8% so far this year. The stock ...