Unicredit share price has pulled back in the past few weeks, moving from a high of €69.54 in August to the current €63. It remains about 70% above its lowest level this year. So, is this a good bank stock to buy after its earnings?

Unicredit publishes strong earnings

The UCG share price has remained in a tight range in the past few weeks, but this may change now that the company has published strong financial results that demonstrated that Andrea Orcel’s strategy was working. 

The company’s net revenue rose by 1.2% in the third quarter, leading to a net profit of €2.6 billion. Total revenue jumped to €6.2 billion, higher than what analysts were expecting. 

Most notably, the firm maintained its guidance of an annual profit of about €10.5 billion, which will be its best year ever. It then expects to distribute about €9.5 billion to shareholders in the form of dividends and buybacks. In his statement, Orcel said:

“By accelerating our strategy and deploying excess capital to create value, we have bolstered our best-in-class earnings and shareholder distribution trajectory.”

Unicredit has done well under Orcel, who became CEO four years ago. It stock has jumped by over 1,000% from its lowest level in 2021, beating most of its European counterparts. 

The company has continued growing its revenues and profits as it benefited from the relatively high interest rates in the region. At the same time, Unicredit has cut costs, exited some of the low-performing businesses, and reallocated capital to more profitable areas. 

Unicredit has also announced some major corporate moves to boost its performance. It acquired a large stake in Alpha Bank, a top player in the Greece banking sector. 

Orcel’s defining deal will be his pursuit of Commerzbank, the second-biggest bank in Germany with a market cap of over $39 billion. He has already acquired about 28% of the company and is seeking a full takeover, which will create a juggernaut with over €1.46 trillion in assets. 

This deal remains in limbo because of the growing opposition from German politicians. Orcel expects to make a final decision on the pursuit in 2027. 

Unicredit share price technical analysis

The daily chart shows that the Unicredit stock price peaked at €69.86 in August and then started a slow downtrend, reaching a low of €60.80 on October 14. This downtrend resulted in a descending channel, in a sign that it has formed a bullish flag pattern. 

The stock is consolidating at the 50-day and 100-day Exponential Moving Averages (EMA). Also, the Relative Strength Index (RSI) and the Percentage Price Oscilator have pointed downwards.

Technicals suggest that the UCG stock price will bounce back, and possibly hit the year-to-date high of €69.86, which is about 10% above the current level. A move above that price will point to more gains, potentially to €75 and above.

Still, analysts are concerned about whether the surge in European bank stocks will continue now that the European Central Bank (ECB) has been cutting interest rates.

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The NatWest share price remained in a tight range in the past few days as investors wait for the upcoming quarterly results. It was trading at 537p on Wednesday, a few points below the year-to-date high of 562p. It remains 260% from its lowest point in 2023.

NatWest Bank to report quarterly results

NatWest Group, one of the biggest banks in the UK, will publish its third-quarter results on Friday. These numbers will follow those of Lloyds Bank and Barclays, two of its biggest competitors. 

They also come at a time when the British economy is slowing, inflation is steady, and interest rates are still at an elevated level based on historical standards. 

The most recent results showed that the bank, which owns popular companies like Coutts, NatWest Bank, Royal Bank of Scotland, and Ulster Bank, did well. 

Its net interest income rose by 13% in the first half of the year to £6.1 billion as the net income jumped by 11.9% to £7.9 billion. Most importantly, its profit for the period jumped by 19.5% to £2.6 billion, with the high interest rates playing a role in this.

The company also benefited from it acquisitio of some assets of Sainsbury’s Bank. This buyout helped it to add 1.1 million customers in the first half of the year. 

City analysts are upbeat about the upcoming results. The average estimate is that the company’s net interest income rose to £3.2  billion in the third quarter from £3.09 billion in 2. 

NatWest’s total income is expected is expected to move from £4 billion in the second quarter to £4.09 billion. The profit for the period is expected to rise to £1.34 billion.

In the long-term, analyts are optimistic in its ability to keep growing it revenue and profits. The total income is expected to come in at £14.7 billion this year, followed by £16.27 billion in 2025, £17.6 billion in 2026, and £17.6 billion in the following year. 

There are a few things that may impact the NatWest stock price. One of them is the fear that Rachel Reeves will announce a windfall tax to fill the budget deficit. Some analysts believe that such a tax would go a long way to narrowing the deficit over time. This, however, could hurt the shareholder returns. 

NatWest share price technical analysis 

The daily chart shows that the NWG share price peaked at 565p in August this year. It has then pulled back to the current 537p.

The NatWest stock price has remained above the 50-day and 100-day Exponential Moving Averages (EMA). It has also formed a symmetrical triangle pattern whose two lines are about to converge. 

Therefore, the stock will likely have a strong bullish breakout in the coming days. If this happens, the next key resistance level to watch will be the year-to-date high of 565p, its highest point this year. A move above that level will point to more gains, potentially to the 600p. 

Read more: FTSE 100 shares to watch: Lloyds, NatWest, IHG, LSE, Unilever

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Barclays share price popped by over 2.7% on Wednesday after the company published strong financial results and announced a surprise share buyback. BARC stock was trading at 375p, up from this month’s low of 353p. 

Barclays earnings and buybacks

BARC stock price jumped as the company continued doing well in the third quarter, helped by the robust investment banking division, which benefited from the return of deal-making. The company also boosted its forward guidance.

It income jumped to £7.2 billion, while it profit before tax jumped to £2.1 billion. It has made a PBT of £7.3 billion through the year, and the management expects the growth to continue in the coming years.

Barclays UK’s income rose by 16%, partly because of its acquisition of Tesco Bank and a structural hedge. Its corporate bank income was up by 17%, while its investment banking division rose by 8%. 

Barclays US Consumer Bank rose by 19%, in part because of its acquisition of the General Motors co-branded cards portfolio.

Still, the results had some blemish. One of them is the motor insurance issue in which it has boosted its provision from £90 million to £325 million. Also, its costs continued rising in the last quarter as it continued integrating its operation.

The company has benefited from the ongoing resurgence of mergers and acquisitions in Europe and the United States. M&A deals worth over $1 trillion have been announced in the past few months, leading to a windfall to advisors.

Barclays share price jumped after the company brought forward its £500 million share buyback as its common equity tier 1 (CET) ratio rose to 14.1%. It also plans to have quarterly share buyback.

Share repurchase help to boost a company’s earnings per share (EPS) by reducing the number of outstanding shares. In Barclays case, its outstanding shares have reduced to 14.16 billion from 17.2 billion in 2021. The CEO said:

“Our tangible net asset value (TNAV) per share has grown to 392p, and our common equity tier 1 (CET1) ratio now stands at 14.1%. Consequently, we have decided to bring forward a portion of our full-year distribution plans, with a £500m share buyback announced today.”

Barclays is set to benefit from the tailwinds of higher interest rates in the UK, where inflation rate held steady. It will also benefit from the investment banking division as M&A and debt continues rising. 

Barclays share price analysis 

BARC stock chart | Source: TradingView

The daily chart shows that the BARC stock price popped after it released its financial results. This rebound happened after it formed a double-bottom pattern at 352p, where it failed to move below since September.

Barclays shares have remained above the 50-day and 100-day Exponential Moving Averages (EMA) and are now approaching the important resistance level at 390p. Its top oscillators are moving upwards.

Therefore, the stock will likely continue rising as bulls target the neckline at 390p. A move above that level will point to more gains, potentially to the psychological level at 400p. The bullish Barclays stock price forecast will become invalid if it moves below the support at 352p.

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Rolls-Royce share price has remained under pressure in the past few weeks as the recent bull run stalled. RR was trading at 1,135p on Wednesday, a few points below the year-to-date high of 1,192p. This article explores what to expect after the GE Aerospace earnings.

Rolls-Royce stock analysis after GE Aerospace earnings

RR share price rose slightly after GE Aerospace, its biggest competitor, published strong results that demonstrated resilient deman in the airline industry. 

GE Aerospace said that its total revenue jumped by 24% last quarter to $12.2 billion as its order book rose by 2%. Its profit margin rose by 150 basis points to 20.57%, while cash from operating activities rose to $2.6 billion. 

GE’s management also boosted its forward guidance as it expects the industry to keep growing in the coming year. It now expects that the revenue growth will be in the high-teens. It also expects that its operating profit will be between $8.65 billion and $8.85 billion. 

These numbers are notable for Rolls-Royce because, like GE Aerospace, the two are in the same industry. Rolls-Royce makes over 50% of its revenue in the civil aviation industry, where it manufactures wide-body engines. It then makes most of its money in long-term servicing contracts by these airlines.

READ MORE: Here’s why the Rolls-Royce share price is up 105% in 2025

Therefore, there is a possibility that Rolls-Royce Holdings also received substantial orders during the quarter. The most recent results showed that the company’s revenue rose by 13% in the first half of the year to £9.05 billion. 

Its efforts to reduce costs and boost efficiency helped it boost it gross and operating profits in the year’s first half. It jumped by 33% to £2.5 billion, while the operating profit rose by 50% to £1.73 billion. 

The civil aviation business helped to lead this business, with its revenue rising by 17% to £4.78 billion. Its gross profit rose to £1.47 billion, while the operating profit was £1.19 billion. 

Rolls-Royce’s defence and power systems business also did well in the year’s first half. Defence revenue rose by 1% to over £2.2 billion, while the power system business rose by 20% to £2.04 billion. 

Analysts believe that the company has more upside in the coming months. Berenberg analysts upgraded the stock from sell to hold nd boosted the estimate to 1,080p. 

Rolls-Royce share price technical analysis

The daily chart shows that the RR stock price has been in a bull run in the past few months. It moved to a high of 1,192p in September and then pulled back to the current 1,138p. 

The stock has remained above the 50-day and 100-day Exponential Moving Averages (EMA). It has formed a bullish flag pattern, and is sitting at the strong pivot reverse of the Murrey Math Lines.

Therefore, the Rolls-Royce share price will likely continue rising as bulls target the key resistance level at 1,192p. A move above that level will point to more gains, potentially to the ultimate resistance level at 1,250p. It will then jump to the extreme resistance at 1,375p. 

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The Nasdaq 100 Index has been in a strong bull run this year and is hovering near its all-time high. It was trading at $24,817 on Friday, up by over 50% from its lowest point this year. 

This article highlights some of the top Nasdaq 100 Index and QQQ ETF stocks to watch this week.

Tesla (TSLA)

Tesla stock price has done well in the past few months as it jumped by 101% from its lowest level this year. This surge happened despite the company facing major challenges. 

Competition has jumped in key markets like China and Europe. In China, top companies like Nio, BYD, and Xpeng have continued gaining market share. 

The same is true in Europe, where companies like Volkswagen and BMW are gaining share. As a result, Tesla’s European sales have nosedived this year. 

Tesla is also struggling in the United States, where Donald Trump has ended some of its incentives. He ended the $7,500 EV tax credit and the fuel emissions revenues. 

Therefore, odds are that Tesla will report strong results, with its revenue expected to be $26.58 billion, a 5% increase from the same period last year. This growth will be because of a surge in sales as consumers prepared for the end of the tax credit. 

Netflix (NFLX)

Netflix is another top company in the Nasdaq 100 Index to watch this week as it releases its numbers. These results come at a time when the company’s stock has pulled back by about 10% from the highest point this year. It remains up by almost 50% from the year-to-date low.

Analysts expect the results to show that the company’s growth continued to accelerate in the last quarter. The average estimate is that its revenue rose by 17% in the last quarter to about $11.5 billion. Its guidance for the fourth quarter will be $11.9 billion, up by 16% YoY. 

Netflix’s earnings per share (EPS) is expected to come in at $6.97, up from the previous $5.4. Odds are that the company will publish stronger results than expected, as it has always done.

These results come a week after Netflix partnered with Netflix. This partnership will see Spotify’s video podcasts appear on Netflix starting from 2026.

T-Mobile (TMUS)

T-Mobile will be another top Nasdaq 100 Index company to watch this week. These numbers will come as the stock remains under pressure, as it fell from the year-to-date high of $273 in February to $230 today. 

T-Mobile will publish its results on Thursday this week. Analysts expect it to solidify its status as one of the fastest-growing companies in the telecom industry. 

The average estimate is that its revenue growth will be 9% to $21.98 billion. Its earnings per share will fall slightly to $2.43. As with Netflix, the company has a long track record of publishing strong financial results. 

Intel (INTC)

Intel stock price has rebounded in the past few months because of the recent events. The US government has taken a stake in the company, while Nvidia invested $5 billion in it recently. 

Intel has also announced a planned launch of a new AI GPU in 2026. All these events have led to a surge in its stock price, which has jumped by 110% from its lowest point this year.

Analysts expect the upcoming results to reveal that its revenue fell by 1.30% to $13.12 billion. Its earnings per share is expected to come in at $0.01, a big improvement from a 46 cents in the same period last year. 

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The Schwab US Dividend Equity ETF (SCHD) has underperformed the market this year. SCHD was trading at $26.80, down by over 6% from its highest point this year and up by over 14.4% from the lowest point in April. 

This article examines why the SCHD ETF has underperformed the market this year and identifies some of the key catalysts that will likely drive its performance in the coming weeks.

SCHD ETF has underperformed because of the ongoing AI trend

The SCHD ETF has had a total return of just 0.88% this year. In contrast, ETFs tracking the S&P 500, Nasdaq 100, and Dow Jones have returned 14%, 18%, and 10%, respectively.

There are two main reasons for this. First, the SCHD ETF is a value-based fund made up of companies that have demonstrated having robust dividend growth over time. 

Most of these companies are traditional names that have no presence in the booming artificial intelligence industry that has propelled the broader stock market higher. 

The AI theme has transformed many companies this year, with popular names like Nvidia, Google, Meta Platforms, and Broadcom becoming trillion-dollar entities. Analysts believe that the AI theme has more room to run, with many companies in the industry experiencing substantial demand.

The SCHD ETF has also underperformed the market because of its composition, with energy being the biggest constituent sector, with a share of about 18%. This includes companies like Chevron, ConocoPhillips, Valero Energy, and Murphy Oil.

Energy stocks have continued to underperform the market this year as the crude oil price has tumbled in the past few months. Brent, the global benchmark, has dropped in the last four consecutive weeks and is hovering at $61, its lowest level since May 5. It has dropped by over 26% from its highest level this year.

Second, the SCHD ETF has underperformed because of its Financials holdings. The financials segment accounts for about 8.9% of the fund, with most of the constituent companies being those in the regional banking sector.

These names include popular companies like Fifth Third, Regions Financial, Comerica, and Bank OZK. These banks have come under scrutiny in the past few days because of the lingering concerns about their credit quality after three of them reported fraud-related losses.

These concerns brought memories of 2023 when banks like Silicon Valley Bank, Signature, and First Republic collapsed. This explains why short interest in the SPDR Bank ETF has jumped to 30%.

The SCHD ETF has also lagged because of Donald Trump’s policies. For example, healthcare companies, which account for about 15% of the portfolio, has struggled after Trump promised tariffs on imported drugs.

Top catalysts for the Schwab US Dividend Equity ETF

Looking ahead, the next key catalysts for the SCHD ETF are the ongoing earnings season, which will accelerate in the coming weeks. Hundreds of companies, many in the fund, will release their earnings in the latter part of the month. Strong earnings will boost its performance.

The other notable catalyst for the SCHD ETF will be the upcoming trade talks between the US and China, which will culminate in a meeting between Donald Trump and Xi Jinping next week at the APEC Summit in South Korea. A trade deal will support the US stock market.

Further, the Federal Reserve will deliver its interest rate decision next week, and analysts expect it to cut interest rates by 0.25%. The stock market normally benefits when there are rate cuts.

SCHD ETF technical analysis 

The daily timeframe chart shows that the SCHD ETF stock has pulled back in the past few weeks, moving from a high of $27.75 in August to the current $26.80.

It has moved below the lower side of the descending channel and the 50-day Exponential Moving Average. It recently retested the lower side of the channel, completing the break-and-retest pattern.

Therefore, the fund will likely continue falling, with the next key support level to watch being at $25.97, its lowest level in August.

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Beyond Meat stock price has crashed and moved below the important support level at $1 as concerns about its future remains. BYND was trading at $0.6456 on Friday, down sharply from the all-time high of $240. 

Beyond Meat’s market capitalization has plunged from over $14 billion at its peak to $34 million today. This trend may continue as the risks facing the company intensify.

Why Beyond Meat stock has plunged

Beyond Meat is a company that aimed to make the world a healthier place by creating plant-based meat that has become highly popular among young people. 

This growth accelerated after the company inked major partnerships, including with companies like McDonald’s and Yum Brands. As a result, its annual revenue jumped from $32.6 million in 2017 to a peak of $464 million in 2021.

This growth then started to deteriorate, falling to $418 million in 2022 to $343 million in 2023, and $318 million in 2024. Analysts estimate that this slowdown will continue in the foreseeable future as demand for plant-based meat and milk replacement fades. 

The average estimate of 6 analysts is that its annual revenue will plunge by 13.4% this year to $282 million. It will then plunge to $280 million in the coming year. 

Beyond Meat is also losing millions of dollars. Indeed, a closer look at its financial results shows that it has never made net profits since its inception. Its annual loss in 2024 was $293 million, down from $338 million in the previous year. Altogether, it has lost over $1 billion over time. 

Beyond Meat stock price plunged below $1 last week after the company made a debt swap that diluted its investors significantly. It plans to issue 316 million new shares and swap its debt. 

The debt swap means that the company’s risk for going bankrupt has eased for now. It now has some breathing space to engineer a turnaround. However, the dilution was much bigger than what analysts were expecting.

The most recent results showed that Beyond Meat had about $103 million in cash and short-term investments, down from $131 million in December. Its current assets stood at $297 million, while the long-term liabilities rose to over $1.27 billion. 

BYND stock price analysis 

The daily chart shows that the Beyond Meat stock price has plunged in the past few years, moving to a record low of $0.50. It has now lost over $14 billion in value and become a penny stock.

The stock moved below all moving averages, while the Relative Strength Index (RSI) and the MACD have all plunged and moved to the oversold levels. 

Therefore, the stock will likely continue falling in the coming months as its headwinds rise. However, there is a risk that it may have a dead-cat bounce, a situation where an asset in a freefall bounces back temporarily. It may also go through a short squeeze because it has a short interest of over 20%.

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The Hang Seng Index jumped by over 1.8% on Tuesday as sentiment in global stocks jumped ahead of a meeting between Scott Bessent and his Chinese counterpart. It jumped to a high of H$26,336, its highest level since October 10. 

China trade talks and Fourth Plenum

The blue-chip Hang Seng Index soared, mirroring the performance of its American counterparts like the Dow Jones and the S&P 500, which jumped to a record high on Monday. Other top Chinese indices are also rising, with Shanghai Composite and China A50 rose by over 1.50%.

This rally is happening because of the upcoming talks between the US and China, which aim to address key issues and possibly, prevent a prolonged trade war.

Scott Bessent, the Treasury Secretary, said that he would meet his Chinese counterpart in Malaysia this week. Their meeting comes week before Donald Trump and Xi Jinping meet at the APEC Summit in South Korea.

In a statement on Monday, Trump insisted that he was hopeful that a deal between the two countries would happen soon. Such a deal would de-escalate​​ the already tense situation and help to boost the stock market. 

The Hang Seng Index also jumped as investors bet that Beijing would implement some stimulus measures after the relatively weak China GDP data published on Monday. This report showed that the economy expanded by 4.8% in the third quarter, the slowed quarterly growth rate this year.

Additionally, the Hang Seng Index is rising as investors react to the ongoing Fourth Plenum in China. This is a major event where senior leaders are talking about China’s 15-year strategic plan. 

While the readout of the meeting will come out in 2026, investors will be looking at cues on what officials deliberated.

Looking ahead, the Hang Seng Index will react to the upcoming earnings dump from American companies. Hundreds of companies in the S&P 500 Index, including popular names like Netflix, Blackstone, Tesla, and Procter & Gamble will publish their results this week.

The index will also react to the upcoming US consumer inflation report, which is scheduled on Friday this week. Signs that inflation is moderating will make it easy for the Federal Reserve to continue cutting interest rates. A Fed cut will push the Hong Kong Monetary Authority (HKMA) to do the same. 

Most companies in the Hang Seng Index were in the green on Tuesday. China Life Insurance, SMIC, Sunny Optical, BYD, Geely, and Alibaba were the top gainers in the index. 

The main laggards were companies like Pop Mart, CK Infrastructure, China Telecom, China Mobile, and China Shenhua Energy.

Hang Seng Index technical analysis

The daily timeframe chart shows that the Hang Seng Index bottomed at H$25,124 on October 16 and then rebounded to the current H$26,286.

It has moved above the 50-day and 100-day Exponential Moving Averages (EMA), a sign that bulls are in control. Also, it has moved to the weak, stop & reverse point of the Murrey Math Lines tool.

The most likely scenario is where the Hang Seng Index continues rising, with the next key level to watch being the ultimate resistance point at H$ 26,560. A move above that level will point to more gains, potentially to the year-to-date high of $27,345.

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The Nifty 50 Index jumped to the highest point since September last year as the earnings season gained steam. It soared to a high of ₹25,930, up by almost 20% from the lowest level this year. This article explores whether it is a good buy ahead of key Indian earnings.

Donald Trump insists Indian tariffs to continue

The Nifty 50 Index rebounded even as Donald Trump insisted that Indian tariffs would continue for the foreseeable future as long as the country continued buying Russian oil. 

India has struggled to move away from Russian energy, where it has benefited from the substantial discounts. Its top companies like Reliance buy this crude oil, refine it for domestic use, and then export some to other countries. 

Trump’s statement came as India and the US have continued deliberations. As we wrote before, the two countries have largely reached an agreement, with the Russian oil being the only bottleneck. 

India has agreed to reducing tariffs on most US goods and also boost its US energy purchases to close the existing deficit. In exchange, the US will reduce the tariff rate, and possibly tweak the H1-b visa program. 

India earnings season continues

The Nifty 50 Index is also doing well as investors react to the ongoing earnings season. Top Indian banks like ICICI and HDFC published mixed results during the weekend. ICICI reported a modest loan growth, leading to a 3% decline in shares. 

Similarly, HDFC stock jumped to a record high after its quarterly earnings jumped by 10%. Its revenue jumped by 10.3% to ₹59 billion, while the net interest income rose by 4.8% to ₹ billion. Core net interest margin tose to 3.27% on its total assets.

Yes Bank, which is not part of the Nifty 50 Index, also reported mixed earnings. Its proit rose by 18% in the last quarter even as its core income dropped. 

Looking ahead, more Indian companies will continue publishing to publish their results in the coming weeks. Tata Consumer Products published encouraging results on Tuesdy.

Other companies to watch this week are Bajaj Finserv, Bajaj Auto, Hindustan Unilever, NTPC, and Shriram Finance. Companies like Bharat Petroleum, SBI Life Insurance, and Kotak Mohindra Bank will be in focus in the coming weeks.

The Nifty 50 Index will also react to the US earnings season. Some of the top companies to watch this week will be Netflix and Tesla.

Nifty 50 Index analysis 

The daily timefrafme chart shows that the Nifty 50 Index has rebounded in the past few weeks. It has jumped from a low of ₹21,745 in April and has now jumped to a high of ₹25,928 today.

The Nifty 50 Index moved above the key resistance at ₹25,660, its highest point in June this year. It has moved above the upper side of the bullish flag pattern, which is a common continuation sign. 

The Nifty 50 Index has jumped above the 50-day and 100-day Exponential Moving Averages (EMA). Also, the Relative Strength Index (RSI) and the MACD have continued rising. 

Therefore, the index will likely continue rising as bulls target the key resistance level at ₹313, its highest point in September last year. A move above that level will point to more gains, potentially to the psychological point at ₹27,000.

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The Yes Bank share price has pulled back in the past few days as investors book profits and react to the recent quarterly results. It was trading at INR 22.65 on Tuesday, down by 6.8% from its highest level this year. This article explores whether Yes is a good bank stock to buy.

Yes Bank earnings are growing

Yes Bank share price pulled back after the company published its financial results during the weekend.

These results showed that its profit after tax, commonly known as PAT, rose by 18.3% in the second quarter of the financial year, while its operating profit rose of INR 1,296 Crs was up by 32% from the same period last year.

The company has benefited from the relatively high interest rates in India, which helped to push its net interest margin up by 2.5%. 

READ MORE: Nifty 50 Index forecast as Indian earnings season continues

Higher rates helped to offset the decline in deposits during the quarter. Yes Bank made a net profit of INR 654 Crs, a 18% increase from the same period last year. In a statement, the CEO said:

“Asset quality further strengthened during the quarter, with decline in fresh slippages and overdue balances as well as an improvement in Provision Coverage Ratio. Net Interest Margin was broadly stable, aided by lower RIDF balances and deposit rate action.”

Turnaround is working

These results demonstrate that Yes Bank’s turnaround, which started in 2020 was working. 

This turnaround started when the company came close to going bankrupt because of high bad debt in its balance sheet, which pushed its capital adequacy ratio downward sharply.

READ MORE: USD/INR forecast: here’s why the Indian rupee is soaring

Some of this debt was to troubled companies like Jet Airways, DHFL, and IL&FS. Therefore, the Reserve Bank of India intervened by capping withdraws at 50,000 rupees.

The RBI also pushed the country’s biggest banks to take a stake. This includes top companies like ICICI, HDFC, Axis Bank, and Kotak Mahindra. In total, it raised INR 24,000 crore.

These actions helped to stabilize the company. At the same time, the bank took investments from American private equity companies like Carlyle Group and Advent, which helped to stabilize its operations.

Its turnaround attracted other companies. Most recently, Japan’s Sumitomo Mitsui Banking Corporation (SMBC) took a large stake in the company, becoming the largest foreign shareholder with a 24.2% stake. State Bank of India also has a 10% stake in the company, while its credit rating has jumped to AA-.

Yes Bank share price analysis 

The daily timeframe chart shows that the Yes Bank stock price bottomed at INR 16 in March and then peaked at INR 24.2 earlier this month.

It then pulled back and moved below the important support level at INR 23.28, its highest point in June.

On the positive side, Yes Bank has formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages have made a crossover.

Therefore, there is a likelihood that the stock will resume the uptrend in the coming weeks. If this happens, the next key resistance level to watch will be INR 24.22. A move above that level will point to more gains, potentially to INR 27.40, its highest level in July this year.

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