Neutral impactCompany
HDFC Bank, ICICI Bank To PNB, SBI: Goldman Sachs' 6 Buys, 4 Sells, 4 Neutrals Across Banks — Check Target Prices
NDTV Profit 2 hrs ago·21 Aug 2026, 3:27 am
Goldman Sachs has revised its outlook on the banking sector, assigning a 'Buy' rating to six major lenders, including HDFC Bank and ICICI Bank. The investment bank also placed four stocks on its 'Neutral' list, such as PNB, while downgrading four others to 'Sell'. The report highlights a shift in earnings expectations, with the firm anticipating core pre-provision operating profit growth to improve significantly starting in FY27. This suggests a recovery in profitability for the sector as a whole.
For investors, this rating mix signals a divergence in performance potential. While large private sector banks are seen as strong growth engines, public sector banks like PNB face more headwinds. The focus for PNB shareholders should be on the bank's ability to execute its turnaround strategy and improve its asset quality metrics. Investors should monitor upcoming quarterly results to see if the bank is on track to meet these revised growth targets.
Affected stocks
Neutral1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Punjab National Bank (PNB).
- Category: Company.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Punjab National Bank worth tracking. Use the price and stock snapshot to gauge how the market is responding.
