Research ReportsUS Banks’ Earnings And Readthroughs For Indian IT — Read Motilal Oswal's Analysis
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US Banks’ Earnings And Readthroughs For Indian IT — Read Motilal Oswal's Analysis
Coforge and Tech Mahindra remains Motilal Oswal's top pick and continues to like HCL Tech for its all weather portfolio and believe TCS offers a fair risk-reward balance.
Major US banks—J.P. Morgan, Wells Fargo, Goldman Sachs, Citibank, Morgan Stanley, et al.—reported better-than-estimated results, driven by robust trading revenue.
(Photo: Scott Graham/Source: Unsplash)
In Q1 FY25, major US banks— J.P. Morgan, Wells Fargo, Goldman Sachs, Citibank, Morgan Stanley, et al.—maintained their tech budgets, reinforcing a steady commitment to digital investments despite broader macroeconomic concerns. This sustained spending has been mirrored by Tier-I and TierII Indian IT players, with BFSI revenue delivering a healthy growth momentum.