Macquarie sees strong earnings recovery for banks, picks 5 stocks to outperform

Macquarie, a financial research firm, is predicting a significant earnings recovery for Indian banks. The firm expects these banks to experience an 18% growth in earnings per share by the end of the financial year 2028, driven by higher profit margins, increased loan demand, reduced liquidity pressures, and stable asset quality. This positive outlook has led Macquarie to upgrade its ratings on Bank of Baroda and Kotak Mahindra Bank, among other financial stocks, and identify five specific stocks that are likely to outperform the market.

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Macquarie expects Indian banks to deliver strong earnings growth, supported by higher margins and stronger loan demand. This could lead to increased investor confidence and higher stock prices.

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