oriental bank of commerce (Citi) 4Q11 Results: Modest Business, but Valuations Cheap

4Q11 Profits up 5%, well below estimates; P&L: Lower NIMs, sluggish core fee growth and high credit costs; Balance Sheet: Lower growth, strain in quality; Modest numbers, but valuations relatively cheap
Date Rating Target Price Recommendation Price Broker house
2 May 2011 buy 400 332 Citi Report

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