10 Deep Value Stocks to Invest In Now

7. ICICI Bank Limited (NYSE:IBN)

Stock Upside Potential: 30.86%

Market Cap: $93.54 Billion

Dividend Yield: 1.11%

Forward P/E: 13.47

Number of Hedge Fund Holders: 37

ICICI Bank Limited (NYSE:IBN) is a deep value stock to invest in now. On June 4, Morgan Stanley touted ICICI Bank Ltd (NYSE:IBN) as one of its top picks in the Indian banking sector. According to the investment bank, the company is not seeing worsening competitive intensity in mortgages.

Morgan Stanley also insists that ICICI Bank is benefiting from a stronger corporate loan pipeline at acceptable rates. Management has already hinted that fee income will be better in F27 than in F26 due to higher credit card fees. In addition, ICICI Bank remains focused on driving operating cost growth at a much slower pace than revenue growth. Consequently, it expects ROA to moderate as credit costs normalize from current lows.

ICICI Bank Limited boasts of an impressive 23-year track record of paying dividends. The company offers a dividend yield of 1.11%, with its most recent dividend of $0.25 per share.

ICICI Bank Limited (NYSE:IBN) is a major multinational financial institution and the second-largest private sector bank in India. It provides a comprehensive suite of banking and financial products to retail consumers, SMEs, and corporations, including savings accounts, loans, credit cards, wealth management, and cross-border trade solutions.