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As we learn the full melodrama of the so-called Signal ‘scandal’ of inviting left-wing, Trump-despising, Atlantic editor Jeffrey Goldberg onto a supposedly secure conference list involving top Trump security officials, lots of questions need asking and answering.

Most importantly, who had Goldberg’s private number and inserted it, ostensibly by mistake, into the cleared list of participants in the discussions? Why would any top Trump officials or their staffers ever even have Goldberg’s contact information, given his quite public record of: a) fabricating stories with unnamed sources, and b) suffering from a decade of chronic Trump derangement syndrome?

Questions for Goldberg: Did he know the mechanisms that had prompted and continued his stealthy presence in the secure discussions? Why did citizen Goldberg not simply come clean as soon as he realized he was mistakenly included in key national security conference communications, to which he did not belong, and thus should be obviously excluded immediately? Why did he instead stealthily listen in for nearly two weeks? Was the idea of informing his hosts of his own improper presence too morally old-fashioned?

Questions for posterity: Did Goldberg’s publicizing these discreet discussions really affect the otherwise completely successful mission to neutralize years of appeased Houthis’ aggression and begin to end their veritable destruction of Red Sea international maritime commerce? How did this blunder rank with prior diplomatic and military screw-ups, like Secretary of State Dean Acheson’s January 1950 Press Club speech de facto excluding South Korea from the American defense umbrella—an omission that may have contributed to the June 1950 North Korean invasion of the South? Was it comparable to Ambassador to Iraq April Glaspie’s assurance to Saddam Hussein that, ‘We have no opinion on your Arab-Arab conflicts, such as your dispute with Kuwait’— which may have prompted his 1990 invasion of Kuwait?

Was it comparable to President Obama’s March 2012 ‘hot mic’ assurance to then-Russian President Dmitry Medvedev that he would have ‘flexibility’ on American-Eastern European missile defense after his last election? Both kept their promises: Obama foolishly dismantled American-sponsored Eastern European plans for missile defense, and Russia postponed its pre-planned invasion of Ukraine until 2014. 

Did it rank with former Chairman of the Joint Chiefs Gen. Mark Milley secretly contacting his Chinese communist counterpart, Chinese Gen. Li Zuocheng, to tell him he would give the People’s Liberation Army leader a heads-up if he determined President Donald Trump was likely to trigger an existential war?

And just look who is weighing in. There was Hillary Clinton, despite her illegal use of a private server to transmit classified State Department information and her subsequent destruction of subpoenaed communication devices.

There was serial fabulist Susan Rice, who in 2012 flat-out lied to the nation on five Sunday news shows, claiming preposterously that the terrorist attacks on the American consulate in Benghazi were ‘spontaneous’ demonstrations incited by anger over an anti-Muslim video. Ditto Rice’s fallacious Sgt. Bowe Bergdahl ‘honor’ narrative and her lie about the removal of Syrian weapons of mass destruction.

And why would Leon Panetta weigh in, when he was one of the supposed 51 intelligence authorities in 2020 who ridiculously claimed Hunter Biden’s FBI-authenticated laptop had all the hallmarks of a Russian intelligence disinformation effort? That lie was designed to arm Joe Biden before the last 2020 debate, and it may well have affected the election.

In the end, this was a blunder, but also what the Left likes to call a ‘teachable moment. All future similar conferences should be either held in person or participants must be triple-checked on a secure line. And perhaps most importantly, all Trump high appointees and their staffers should know enough to have nothing to do with those who wake up each morning wishing to destroy them—and go to bed each night lamenting that they have not done enough to advance that destruction.

This column was adapted from Victor Davis Hanson’s post on X.

This post appeared first on FOX NEWS

While the U.S. military has been conducting strikes against Iran-backed Houthi rebels, President Donald Trump and his White House have been engaging in a battle of their own, defending leaked texts detailing war plans about those very strikes in Yemen. 

This week, the Trump administration has fielded a litany of questions and criticism after the Atlantic published a story detailing how administration officials used a Signal group chat to discuss strikes in Yemen, and accidentally added a journalist to the group.  

The group chats included White House leaders, including Vice President JD Vance and National Security Advisor Mike Waltz, as well as other administration officials including Secretary of Defense Pete Hegseth. Additionally, the chat included Atlantic editor-in-chief, Jeffrey Goldberg. 

While the White House said that classified information was not shared via the encrypted messaging service, the Atlantic published the full exchange of messages Wednesday. The messages included certain attack details, including specific aircraft and times of the strikes. 

White House Press Secretary Karoline Leavitt maintained Wednesday no classified information was shared. 

‘We have said all along that no classified material was sent on this messaging thread,’ Leavitt told reporters. ‘There were no locations, no sources or methods revealed, and there were certainly no war plans discussed.’

Meanwhile, the episode has prompted backlash from lawmakers. Senate Armed Service Committee leaders Sen. Roger Wicker, R-Miss., and Jack Reed, D-R.I., said they are requesting an inspector general investigation into the use of the Signal app and as a classified briefing with a top administration official on the matter. 

Additionally, several lawmakers including Rep. Raja Krishnamoorthi, D-Ill., from the House Intelligence Committee have called for Hegseth’s resignation.

Here’s what also happened this week: 

Trump pardons Devon Archer

Trump issued a pardon Tuesday for Devon Archer, former first son Hunter Biden’s prior business associate, who was convicted in 2018 for defrauding a Native American tribe in a plot to issue and sell fraudulent tribal bonds.

Archer faced a sentence of more than a year in prison, but his conviction was overturned before later being reinstated in 2020. His appeal to the Supreme Court was rejected, and so his prison sentence was up in the air prior to the pardon. 

‘Many people have asked me to do this,’ Trump said Tuesday ahead of signing the pardon. ‘They think he was treated very unfairly. And I looked at the records, studied the records. And he was a victim of a crime, as far as I’m concerned. So we’re going to undo that. … Congratulations, Devon.’ 

Declassification of Crossfire Hurricane Russia investigation docs

Trump signed an executive order Tuesday directing the FBI to immediately declassify files concerning the Crossfire Hurricane investigation, the agency probe launched in 2016 that sought information on whether Trump campaign members colluded with Russia during the presidential race. 

After signing the order, Trump said that now the media can review previously withheld files pertaining to the investigation — although he cast doubt on whether many journalists would do so.

 

‘You probably won’t bother because you’re not going to like what you see,’ Trump said. ‘But this was total weaponization. It’s a disgrace. It should have never happened in this country. But now you’ll be able to see for yourselves. All declassified.’

The FBI on July 31, 2016, opened a counterintelligence investigation into whether Trump, then a presidential candidate, or members of his campaign were colluding or coordinating with Russia to influence the 2016 election. That investigation was referred to inside the bureau as ‘Crossfire Hurricane.’

The extensive probe yielded no evidence of criminal conspiracy or coordination between the Trump campaign and Russia.

Vance visits Greenland

Vance and second lady Usha Vance, along with National Security Advisor Mike Waltz, visited Pituffik Space Base in Greenland Friday, the Department of Defense’s northernmost military installation. The base is home to the Space Force’s 821st Space Base Group to conduct missile warning, missile defense and space surveillance operations.

The Trump administration is seeking to acquire Greenland for national security purposes, and has accused Denmark of neglecting Greenland. 

But leaders in Denmark and Greenland remain unequivocally opposed to Greenland becoming part of the U.S., although Greenland’s prime minister has called for independence from Copenhagen. 

Meanwhile, Denmark has come under scrutiny for its treatment of indigenous people from Greenland. A group of indigenous women from Greenland sued the Danish government in May 2024 and accused Danish health officials of fitting them with intrauterine devices without their knowledge between the 1960s and 1970s. 

Denmark and Greenland launched an investigation into the matter in 2022, and the report is expected for release this year.

The Associated Press and Fox News’ Emma Colton and Brooke Singman contributed to this report. 

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Robinhood CEO Vlad Tenev is betting that by rolling out a large enough portfolio of digital investment products, more consumers will be willing to pay a monthly subscription for its product suite.

Subscribers to Robinhood Gold pay $5 a month or $50 a year for perks like 4% interest on uninvested cash, access to professional research, and no interest on the first $1,000 of margin borrowed.

Now the company is adding wealth management features called Robinhood Strategies, which offers curated access to exchange-traded fund portfolios and mixes of handpicked stocks. The service, available to Gold Subscribers, carries a 0.25% annual management fee, capped at $250.

Robinhood also said this week that with its new Robinhood Banking offering, Gold subscribers will get private banking services with tax advice and estate planning tools, perks like access to private jet travel, five-star hotels and tickets to Coachella, and 4% interest on savings accounts. Customers will also soon be able to get cash delivered to their doorstep, saving them a trip to the ATM, though few details were provided.

Tenev told CNBC in an interview that Robinhood’s subscription service could be similar to what users get from Amazon Prime or Costco membership, where their monthly fee feels justified by the quality and quantity of the perks, which keep them coming back.

“My philosophy behind it is subscriptions are about loyalty,” Tenev said. “So if you’re a subscriber to something, then that service is sort of the first in mind when you think about trying something else from that category.”

Tenev said that in financial services, loyalty is particularly important because it’s “equivalent to wallet share.”

Tenev said the number of subscribers increased from about 1.5 million a year ago to 3.2 million today, adding that it’s a “nine-figure business,” meaning at least $100 million in annual revenue.

Robinhood grew in popularity among younger investors by making it easy to buy and hold fractional shares in companies using a simple mobile app, and then moving into crypto. Tenev said on Thursday that over the longer term, Robinhood wants to be “the place where you can buy, sell, trade, hold any financial asset, conduct any financial transaction.”

Robinhood shares are up 19% this year after almost tripling in 2024, when crypto prices soared.

This post appeared first on NBC NEWS

President Donald Trump moved Thursday to end collective bargaining with federal labor unions in agencies with national security missions across the federal government, citing authority granted him under a 1978 law.

The order, signed without public fanfare and announced late Thursday, appears to touch most of the federal government. Affected agencies include the Departments of State, Defense, Veterans Affairs, Energy, Health and Human Services, Treasury, Justice and Commerce and the part of Homeland Security responsible for border security.

Police and firefighters will continue to collectively bargain.

Trump said the Civil Service Reform Act of 1978 gives him the authority to end collective bargaining with federal unions in these agencies because of their role in safeguarding national security.

The American Federation of Government Employees, which represents 820,000 federal and D.C. government workers, said late Thursday that it is “preparing immediate legal action and will fight relentlessly to protect our rights, our members, and all working Americans from these unprecedented attacks.”

“President Trump’s latest executive order is a disgraceful and retaliatory attack on the rights of hundreds of thousands of patriotic American civil servants — nearly one-third of whom are veterans — simply because they are members of a union that stands up to his harmful policies,” AFGE National President Everett Kelley said.

AFL-CIO President Liz Shuler said in a statement, “It’s clear that this order is punishment for unions who are leading the fight against the administration’s illegal actions in court — and a blatant attempt to silence us.” She also vowed, “We will fight this outrageous attack on our members with every fiber of our collective being.”

The announcement builds on previous moves by the Trump administration to erode collective bargaining rights in the government.

Earlier this month, DHS said it was ending the collective bargaining agreement with the tens of thousands of frontline employees at the Transportation Security Administration. The TSA union called it an “unprovoked attack” and vowed to fight it.

A White House fact sheet on Thursday’s announcement says that “Certain Federal unions have declared war on President Trump’s agenda” and that Trump “refuses to let union obstruction interfere with his efforts to protect Americans and our national interests.”

“President Trump supports constructive partnerships with unions who work with him; he will not tolerate mass obstruction that jeopardizes his ability to manage agencies with vital national security missions,” the White House said.

This post appeared first on NBC NEWS

Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts.

On an Thursday earnings call, CEO Calvin McDonald said the athleticwear company conducted a survey earlier this month that found that consumers are spending less due to economic and inflation concerns, resulting in lower U.S. traffic at Lululemon and industry peers. However, he said, shoppers responded well to innovation at the company.

“There continues to be considerable uncertainty driven by macro and geopolitical circumstances. That being said, we remain focused on what we can control,” McDonald said.

Shares of the apparel company plunged 15% on Friday morning.

Lululemon was only the latest retailer to say it expects slower sales for the rest of this year as concerns grow about a weakening economy and President Donald Trump’s tariffs. Even so, the Canada-based company said it expected only a minimal hit to profits from the U.S. trade war with countries including Canada, Mexico and China.

Here’s how the company did compared with what Wall Street was expecting for the quarter ended Feb. 2, based on a survey of analysts by LSEG:

Fourth-quarter revenue rose from $3.21 billion during the same period in 2023. Full-year 2024 revenue came in at $10.59 billion, up from $9.62 billion in 2023.

Lululemon’s fiscal 2024 contained 53 weeks, one week longer than its fiscal 2023. Excluding the 53rd week, fourth-quarter and full-year revenue both rose 8% year over year for 2024.

Lululemon expects first-quarter revenue to total $2.34 billion to $2.36 billion, while Wall Street analysts were expecting $2.39 billion, according to LSEG. The retailer anticipates it will post full-year fiscal 2025 revenue of $11.15 billion to $11.30 billion, compared to the analyst consensus estimate of $11.31 billion.

For the first quarter, the company expects to post earnings per share in the range of $2.53 to $2.58, missing Wall Street’s expectation of $2.72, according to LSEG. Full-year earnings per share guidance came in at $14.95 to $15.15 per share, while analysts anticipated $15.31.

CFO Meghan Frank said on the Thursday earnings call that gross margin for 2025 is expected to fall 0.6 percentage points due to higher fixed costs, foreign exchange rates and U.S. tariffs on China and Mexico.

Lululemon reported a net income for the fourth quarter of $748 million, or $6.14 per share, compared with a net income of $669 million, or $5.29 per share, during the fourth quarter of 2023.

Comparable sales, which Lululemon defines as revenue from e-commerce and stores open at least 12 months, rose 3% year over year for the quarter. The comparison excludes the 53rd week of the 2024 fiscal year. Analysts expected the metric to rise 5.1%.

Comparable sales in the Americas were flat, while they grew 20% internationally. Lululemon has been facing a sales slowdown in the U.S., although McDonald said its U.S. business stabilized in the second half of the year and partially attributed the improvement to new merchandise. He added that Lululemon will expand its stores to Italy, Denmark, Belgium, Turkey and the Czech Republic this year.

This post appeared first on NBC NEWS

The Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and inclusion efforts at the media giant.

The FCC, the agency that regulates the media and telecommunications industry, said in a letter dated Friday that it wants to “ensure that Disney and ABC have not been violating FCC equal employment opportunity regulations by promoting invidious forms of DEI discrimination.”

“We are reviewing the Federal Communications Commission’s letter, and we look forward to engaging with the commission to answer its questions,” a Disney spokesperson told CNBC.

FCC Chairman Brendan Carr, who was recently appointed by President Donald Trump, began a similar investigation into Comcast and NBCUniversal in early February.

The inquiry comes after Trump signed an executive order looking to end DEI practices at U.S. corporations in January. The order calls for each federal agency to “identify up to nine potential civil compliance investigations” among publicly traded companies, as well as nonprofits and other institutions.

“For decades, Disney focused on churning out box office and programming successes,” Carr wrote in the letter to CEO Bob Iger. “But then something changed. Disney has now been embroiled in rounds of controversy surrounding its DEI policies.”

An FCC spokesperson didn’t comment beyond the letter.

Disclosure: Comcast is the parent company of NBCUniversal and NBC News.

This post appeared first on NBC NEWS

The DAX index has stalled this month as investors watch the rising tensions between Europe and the United States. The index, which tracks the biggest companies in Germany, peaked at €23,470 this month and then retreated to a low of €22,500 on Thursday. 

German automakers under pressure

The DAX index retreated on Thursday after Donald Trump confirmed that the US would implement new tariffs on European cars from next week. Tariffs will move from about 2% to 25%, a big monumental shift that will be felt in Germany. 

A 25% tariff means that a car that now costs $50,000 will start costing at least $75,500 more in the United States. That’s because these tariffs will ultimately be pushed to consumers over time.

Customers, on the other hand, will now opt to buy American-made cars that will have fewer tariffs. This means that there is a risk that German vehicle imports to the United States will slip as companies rush to expand their plants in the US. 

The US is a pivotal market for German automakers like BMW, Volkswagen, Mercedes Benz, and Porsche. In theory, a company like BMW will be impacted less because its biggest factory globally is in South Carolina. 

Porsche will be the most impacted DAX index constituent because the US has become its biggest market and it makes all its vehicles in Germany. While its customers are affluent, there is a likelihood that many of them will be cautious. This explains why the Porsche share price has crashed by 16% this year, making it the second-worst performer in the index after Vonovia. 

Other German auto stocks are holding steady this year, partially as investors believe that Donald Trump just wants a deal. BMW stock has dropped by 1% this year, while Daimler Truck, Mercedes-Benz Group, and Volkswagen have risen modestly. 

These stocks will likely feel the heat when the trade war between the US and German accelerates. 

German government spending 

The main reason why the DAX index has held steady as challenges rise is that government spending is expected to rise this year. 

This month, the parliament voted to approve a €500 billion infrastructure fund and easing borrowing rules. Most of these funds will go towards defense spending now that there are concerns about Donald Trump and JD Vance’s attitude towards Europe.

This explains why companies exposed to infrastructure are leading the DAX index this year. Rheinmetall stock price has soared by 120% this year, while Heidelberg Materials is up by 40%. 

The other top gainers in the DAX index are Commerzbank, Allianz, Deutsche Bank, Bayer, and Siemens. Commerzbank is up because of the ongoing European bank stocks rally and hopes that Unicredit will make a move either this year or next.

DAX index analysis 

DAX chart by TradingView

The daily chart shows that the DAX index has been in a tight range in the past few months. It peaked at €23,470, a record high. 

The index has remained above the 50-day Exponential Moving Average (EMA), a sign that bulls are in control. It has also formed a bullish flag chart pattern. 

Therefore, the index will likely remain under pressure for a while as concerns about tariffs continue. More gains will be confirmed if the index rises above the all-time high of €23,470. A drop below the support at €22,400 will invalidate the bullish view.

The post DAX index stable despite tariffs: is it a good buy today? appeared first on Invezz

Airbus stock price has done better than Boeing in the past few years as demand for its planes has surged. Its stock has soared by 200% in the last five years, while Boeing has risen by just 10%. This article explores why Airbus will keep doing better than Boeing this year.

Trump trade war to hurt Airbus

Donald Trump has launched the biggest trade war in decades by targeting its top trading partners like those in Europe, Asia, and South America.

He has done that by implementing large tariffs on imports, especially steel and aluminum. Most importantly, he has said that April 2 will be the US Liberation Day, when he will impose reciprocal tariffs.

This trade war will have Boeing as a bigger casualty than Airbus. That’s because Airbus is a European company that will become a better choice for international companies as the US reputation worsens. 

As such, it is easier to see how a country like China orders its airlines to switch to Airbus planes. The country may also announce huge tariffs on Boing planes that companies simply switch to Airbus voluntarily. 

Besides, Airbus planes are generally better and safer than Boeing, a company that has moved from one crisis to the other. 

Further, unlike Boeing, Airbus is a more international company, with a large factory in the United States. As such, while it will be hit by some import tariffs, it means that it will continue serving American customers without the import tariffs. 

Airbus vs Boeing stocks | Source: TradingView

Airbus is growing its market share

The Airbus stock price will keep beating Boeing for other reasons. A low-hanging fruit is the fact that European countries are now getting serious about their security. Germany recently voted for a €500 billion bill that will see it improve its equipment.

While Airbus is known for its civil aircraft, it is also a major player in the defense industry, where it makes engines for military planes. Its defense business brought in over €12 billion in 2024. 

European governments have insisted that the upcoming defense spending should be concentrated to European companies like Airbus.

Further data showed that Airbus business was doing well. Its revenue rose to €69.2 billion in FY’24, up from €65.4 billion a year earlier. It delivered 766 planes, while its backlog continued growing. It now has an order book of over €629 billion.

Airbus, like other industrial companies, has gone through major supply chain challenges in the past few years. These challenges will likely continue for a while because of these tariffs. 

However, these supply chain issues will also affect Boeing more because Airbus’ largest operations are in Europe.

Boeing vs Airbus: which is a better stock to buy?

Investors have a choice to make on whether to invest in Boeing or Airbus. Boeing proponents cite its substantial market share in the civil aviation and defense sectors.

Also, they note that its stock crash makes it a bargain with a longer runway for growth in the coming years. This growth will be supercharged if the company’s planes stay out of trouble in the foreseeable future. 

Additionally, they point to the fact that Boeing has a new CEO who may shepherd it well in the longer term. 

Boeing’s bullish case is valid to some point, but Donald Trump’s tariffs will worsen the situation. For example, its margins will be affected by the tariffs on steel and aluminium and other parts.

The other argument is that Airbus is a better company to invest in because of its quality planes and the fact that it will continue growing market share over time. Therefore, the stock will likely continue doing well and is a better buy than Boeing.

Read more: Boeing stock price forecast 2025: BA is ready to fly

The post Here’s why Airbus stock price will beat Boeing in 2025 appeared first on Invezz

The Nifty 50 index has bounced back this week even as the Indian rupee surged and the risks to the economy rose. The index soared to a high of ₹23,778, its highest swing since January and higher than the year-to-date low of ₹21,988. This report explores why Indian stocks are bouncing back.

Indian companies could be hurt by US tariffs and slowdown

There are signs that Indian companies will be affected by the happenings in the United States. For example, IT consulting firms like Infosys, Wipro, and Tata Consultancy Services have retreated as they reel from the ongoing government spending cuts in the United States.

Elon Musk is aiming to cut government spending by $1 trillion in the next few months. One of the low-hanging fruits has been to cancel contracts with companies that provide IT consultancy to the government.

The other major catalyst that may hurt Nifty 50 companies is the upcoming reciprocal tariffs by Donald Trump. While India has pledged to slash some of its tariffs, there is a risk that Trump will not buy it. That’s because the US maintains a $50 billion trade deficit with India, which he sees as being problematic. 

At the same time, Indian exporters will be hurt by the soaring Indian rupee, which has jumped by over 5% in the past few weeks. An expensive local currency makes goods more expensive to importers. 

On the positive side, there are hopes that the Reserve Bank of India (RBI) will implement more interest rate cuts later this year. Stocks benefit from low interest rates by making returns in the fixed incom lower. 

Top Nifty 50 index stocks in 2025

Many companies in the Nifty 50 index are doing well this year. The best performers are Bajaj Finance and Bajaj Finserv, whose shares have surged by 38% and 28%, respectively. These companies have done well as their revenue and demand surges.

Kotak Mahindra’s stock price has soared by 21% this year as its private banking division, which caters to the wealthy, booms. Data shows that it added 2,280 new families in the last 12 months, much higher than the 711 that it added a year earlier. This growth means that it now provides wealth solutions to about 60% of all Indian wealthiest families. 

Kotak’s private bank’s clients must have at least $1 million in investable assets, with most of its customers having a net worth of over $30 million. However, the wealth management industry is now contending with competition from companies like UBS, HSBC, Julius Baer, and Standard Chartered.

The other top companies in the Nifty 50 index are firms like JSW Steel,  Shriram Finance, Hindalco Industries, Tata Steel, Eicher Motors, and Tata Consumer. 

On the other hand, IndusInd Bank stock has crashed by over 32% this year, making it the top laggard. The company has dropped because of the substantial bad loans tied to its cooperatives business. Other top laggards are firms like Trent, Dr. Reddy’s, HCL Technologies, Infosys, and Wipro.

Nifty 50 index analysis

Nifty 50 chart by TradingView

The recent Nifty index rebound is part of our recent forecast. In that report, we noted that the index was forming a bullish flag pattern, which is characterized by a tall vertical line and a flag-like pattern. The flag section also has a close resemblance to a falling wedge, a popular bullish pattern. 

Therefore, the Nifty 50 index will likely have a strong bullish breakout, with the next key level to watch being at ₹26,300, up by almost 12% from the current level. A drop below the support at ₹22,000 will invalidate the bullish outlook. 

The post Here’s why Nifty 50 index could surge despite rising risks appeared first on Invezz

IndusInd Bank share price has imploded this year, making it the worst-performing company in the Nifty 50 index. It has plunged in the last five consecutive weeks, reaching a low of ₹645, its lowest level since November 2020, and 62% below its highest point in 2024. This article explores why the IndusInd stock has imploded and what to expect later this year.

Why the IndusInd share price has crashed

IndusInd, a top Indian private bank, has come under intense pressure in the past 12 months as it continued to underperform its peers like Bajaj and Kotak. 

The crisis has been going on for a while, but the situation worsened in October last year when it published weak financial results. Its second quarter’s net interest income dropped by 1% to ₹5,347 crs, while its net profit plunged by nearly 40% to ₹1,331 crs.

This loss trajectory continued in its Q3’25 financial results. Its net interest income dropped by 1% to ₹5,228 crs as its net interest margin narrowed to 3.93%. IndusInd’s net profit fell by another 39% in the last quarter to ₹1,402 crs.

The ongoing deterioration in its business is mostly because of its microfinance division. This is a fast-growing and high-risk business that the company has been banking on in the past few years. The risk is that it provides unsecured loans, where the default rate has surged lately.

At the same time, IndusInd share price has plunged because of the ongoing weak growth in its high-yield loans. 

The crash intensified in March after it emerged that there was a discrepancy in its derivatives portfolio. In this, the company identified mismatches in account balances related to past derivatives transactions. The RBI had previously banned internal hedging trades and ordered an internal review. 

IndusInd Bank has also gone through some leadership issues in the past few years. The RBI opted to extend the CEO’s tenure by just one year instead of the three that the management had requested. That is a sign that it may have some leadership issues. 

Will the IndusInd stock recover?

The ongoing IndusInd stock price crash has become an outlier in India, where other companies are doing well. For example, Bajaj Finance is the best-performing company in the Nifty 50 Index this year as it jumped by 30%. 

Other Indian banks like Kotak Mahindra, ICICI, Axis Bank, HDFC, and State Bank of India have eked small gains this year. 

IndusInd’s risk is that the company could start shedding customers as confidence wanes. At the same time it is not easy to exit the crisis in the microfinance division, meaning that the losses crisis may continue.

The management has insisted that the bank has adequate resources, with its CET-1 ratio of 15%, higher than other global companies. However, the ongoing lack of confidence may push the RBI to request for more reserves.

IndusInd Bank share price analysis

IndusInd stock chart by TradingView

The weekly chart shows that the IndusInd Bank stock price has been in a strong sell-off since mid-2024, when it peaked at ₹1,673. It recently crashed below the key support at ₹743.50, its lowest point in June 2022. 

The stock has also formed a death cross pattern as the 50-week and 200-week Exponential Moving Averages (EMA) crossed each other. All oscillators like the Relative Strength Index (RSI) and the MACD have all pointed downwards.

Therefore, the stock will likely continue falling as sellers target the key support at ₹550. The downtrend may continue for a while. However, a move above the key resistance point at ₹745 will invalidate the bearish outlook.

The post Will the crashing IndusInd Bank share price recover? appeared first on Invezz