ADVERTISEMENT

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.

<div class="paragraphs"><p>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.</p><p>(Photo: Scott Graham/Source: Unsplash)</p></div>
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.
To continue reading this story
You must be an existing Premium User
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit