Shares of the company rose to Rs 113.38 apiece today, the highest level seen in nearly three months. The lender on Saturday reported a 214% YoY surge in Q1 FY27 net profit to Rs 5,253 crore, while net interest income (NII) rose 2% YoY to Rs 10,798 crore.

The PSU bank’s return on assets (RoA) increased to 1.04% in Q1 FY27 from 0.37% in Q1 FY26, but decreased from Rs 1.06% in Q4 FY26. Return on Equity (RoE) meanwhile stood at 17.33% during the quarter under review.

PNB’s asset quality improved, with gross non-performing assets (NPAs) declining to 2.78% at the end of the June quarter, from 3.78% a year ago. Its current account savings account deposits increased around 8% YoY to Rs 5.69 lakh crore, while total term deposits increased 9% YoY to Rs 10.21 lakh crore.

Also read | PNB Q1 Results: Net profit surges 214% YoY to Rs 5,253 crore; NII up 2%

JM Financial on PNB share price

JM Financial upgraded its rating on PNB shares to ‘Add’ from ‘Reduce’, and hiked its target price to Rs 120 apiece from Rs 110 apiece. The latest target price implies more than 7% upside potential.

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The domestic brokerage highlighted that the PSU lender reported healthy Q1 FY27 results with PAT rising 214% YoY, beating its estimate by 17%, driven by improving core operating performance and continued strengthening in asset quality. NII grew 2% YoY as NIM expanded 6 bps QoQ, supported by lower funding costs and continued run-down of low-yielding IBPC and corporate exposures, it said.
Loan growth remained healthy despite balance-sheet re-pricing, JM Financial noted, adding that management reiterated confidence in further margin improvement through FY27, aided by FCNR mobilisation and continued repricing of liabilities. “Given improving core profitability, resilient asset quality and FCNR mobilisation providing incremental support to funding, downside looks limited at ~0.8xFY28 P/BV. Accordingly, we raise our FY27E/FY28E EPS estimates by 18%/15%,” it said.

Motilal Oswal on PNB share price

Motilal Oswal Financial Services noted that PNB reported a mixed quarter, with earnings beat led by controlled provisions and opex. Provisions came in lower, reflecting strong asset quality, while opex was lower due to fewer AS-15 provisions and a decline in PSLC costs.The domestic brokerage noted that PNB’s business growth remained modest, and management guided for loan growth of nearly 12-13% in FY27. Asset quality trends were healthy, with slippages showing a dip with no significant stress. It reiterated its ‘Buy’ call on the stock with a target price of Rs 135, implying a 21% upside potential.

PNB share price

PNB shares gained over 7% in one week and 4% in one month, but have overall fallen more than 9% in 2026 so far. The PSU lender currently has a market capitalisation of nearly Rs 1.3 lakh crore.

In the longer term, PNB shares delivered marginal returns in one year, but gained over 80% in three years and nearly 184% in five years.

Also read | ICICI Bank wins analysts’ vote after Q1 show; HDFC Bank, Axis, Kotak & Yes Bank face scrutiny

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

LeBron James will play a record-breaking 24th NBA season this fall, but he will not be doing so with the Los Angeles Lakers, according to his agent, Rich Paul, who confirmed the decision to ESPN’s Shams Charania on Tuesday.

“LeBron James will return for an unprecedented 24th season in the NBA — but it won’t be with the Los Angeles Lakers. James has informed the Lakers that the franchise can move on without him because he will play elsewhere,” Paul told Charania, according to ESPN. The confirmation ends weeks of speculation over whether James might remain with the franchise he has played for since 2018, while still leaving open the question of exactly which team he will join next.

A monthslong free agency saga

James’ free agency has stretched on for nearly a month, with the four-time NBA champion taking his time to weigh what he has described as the right decision for both himself and his family. His deliberate approach has effectively put much of the league’s broader free agency market on hold, as teams with cap flexibility earmarked for a potential James signing have waited to see where he ultimately lands before finalizing their own offseason plans.

Charania had previously reported that James had narrowed his list of potential landing spots to a group of finalists, each considered a legitimate championship contender. “It’s decision time for LeBron James… The leading suitors have been CLE, MIA, GSW, PHI, and MIN…. LeBron James has made it clear privately that he wants to go somewhere he can compete for a championship. Somewhere he feels he finds that happiness from a team environment and culture that he can uplift,” Charania said, referring to the Cleveland Cavaliers, Miami Heat, Golden State Warriors, Philadelphia 76ers and Minnesota Timberwolves.

Even those closest to the process say uncertainty remains

Despite the confirmation that James will leave the Lakers, Paul has continued to push back against the wave of reports speculating about where and when James will ultimately sign, insisting that even well-sourced NBA reporters do not yet have a clear picture of the outcome. “I’ll say it again, none of these people know anything. Nobody knows nothing, and I say that respectfully because we haven’t made it to where anyone knows anything,” Paul said.

That characterization suggests the final decision remains fluid even as James’ departure from Los Angeles is now confirmed, leaving the five reported finalist teams, and the broader NBA world, waiting for further clarity on which franchise will ultimately land one of the league’s most accomplished players for the next chapter of his career.

A departure that reshapes the league’s biggest storyline

James’ exit from the Lakers marks a significant turning point for a franchise he helped lead to an NBA championship in the pandemic-shortened 2020 season, during a tenure that also included numerous deep playoff runs and cemented his status as one of the most impactful players in franchise history. His departure leaves the Lakers needing to reshape their roster and long-term direction without one of the most decorated players in NBA history at its center.

For the broader league, James’ continued playing career at 24 seasons represents an extraordinary milestone in NBA history, extending a run of sustained excellence and durability that has already made him the league’s all-time leading scorer and a fixture of championship contention across multiple franchises throughout his career.

Ripple effects across the league

James’ extended free agency process has already begun triggering related roster moves elsewhere around the league. The Lakers themselves recently agreed to a one-year deal with wing Matisse Thybulle, part of the team’s broader effort to reinforce its roster depth as it awaits clarity on James’ final decision and adjusts its long-term plans in the wake of his departure. Other teams around the NBA, including several of the reported finalists in James’ free agency search, have similarly been navigating their offseason roster construction with James’ looming decision as a central variable shaping their broader plans.

Beyond the direct James storyline, this offseason has already featured other significant transactions, including forward Lu Dort’s move as part of a larger trade that has been described as an early domino falling out of the Oklahoma City Thunder’s championship window, illustrating how interconnected this year’s free agency and trade landscape has become across the league.

With James’ departure from the Lakers now confirmed but his ultimate destination still undecided, attention across the NBA remains fixed on which of the reported finalist teams, the Cavaliers, Heat, Warriors, 76ers or Timberwolves, will ultimately secure his signature. Once that decision is finalized, it is expected to immediately trigger a fresh wave of roster moves across the league, as teams that have been waiting on the outcome of James’ free agency move to finalize their own plans heading into the 2026-27 season. For now, even those closest to James’ inner circle maintain that no one outside his immediate team truly knows how the situation will ultimately resolve, leaving one of the NBA’s most consequential offseason storylines still unresolved even after Tuesday’s confirmation that his time with the Lakers has come to an end.

Apple appears set to unveil the iPhone 18 Pro at its annual September special event, continuing a scheduling tradition the company has followed consistently since 2012, according to an analysis of the company’s keynote history published this week by technology writer David Phelan.

Based on a detailed review of Apple’s iPhone launch pattern stretching back nearly two decades, the analysis points to Wednesday, September 9, as the most likely date for this year’s keynote, with the iPhone 18 Pro expected to go on sale roughly a week and a half later, on Friday, September 18.

A consistent pattern since the first fall release

Apple’s earliest iPhones followed a different release rhythm than the one consumers know today. The original iPhone was unveiled in January 2007 and went on sale that June, and the following three models, the iPhone 3G, iPhone 3GS and iPhone 4, were each announced and released in June during their respective years.

That pattern shifted with the iPhone 4S, unveiled October 4, 2011, marking both the first fall-timed iPhone release and the first keynote hosted by Tim Cook following Steve Jobs’ death. Every iPhone launch since has followed that same fall release model, according to the analysis.

A strict window in early September

Since the iPhone 4S, every subsequent iPhone keynote has fallen within the first half of September, with the analysis identifying a consistent window between September 7 and September 14 in every year since 2012, apart from a single exception in 2020, when Apple’s keynote landed one day outside that range, on Tuesday, September 15, due to disruptions tied to the COVID-19 pandemic. Notably, Apple has never scheduled a keynote on September 11 during that entire span.

Labor Day plays a central role in scheduling

According to the analysis, the timing of the U.S. Labor Day holiday, which always falls on the first Monday of September, between September 1 and September 7, plays a significant role in determining Apple’s keynote date each year. The most common pattern has been for Apple to hold its keynote exactly eight days after Labor Day, a scheduling choice observed in 2013, 2014, 2017, 2019, 2020, 2021, 2023 and 2025, reflecting the company’s general preference for Tuesday events.

Apple has never held a September keynote before Labor Day, and just as consistently, the company has never scheduled its event for the day immediately following the holiday, a gap the analysis attributes to the need for guests, staff and members of the press to travel to Cupertino in the days following the long weekend.

Why September 9 is the predicted date

This year, Labor Day falls on Monday, September 7, mirroring the calendar structure seen in 2015, when Labor Day fell on the same date. That year, Apple held its keynote two days later, on Wednesday, September 9. Based on that historical precedent and the broader pattern identified across more than a decade of Apple product launches, the analysis concludes with high confidence that this year’s keynote will also take place on Wednesday, September 9.

A full schedule of expected dates

Building outward from the predicted keynote date, the analysis outlines a broader sequence of expected milestones based on Apple’s typical post-keynote timeline. Preorders for the iPhone 18 Pro are expected to open the Friday following the keynote, September 11, likely at 5 a.m. Pacific time, matching the timing pattern from the previous year’s launch.

Apple’s next major software update, iOS 27, is expected to see general release the following Monday, September 14, though the analysis notes that date could shift by a day or two depending on Apple’s final testing timeline. Press reviews of the new devices are expected to be published shortly before the phones go on sale, with September 15 or September 16 identified as the most likely dates, given that Apple typically does not allow reviewers access to new products until after the keynote presentation concludes.

A crowded product lineup expected

Alongside the standard iPhone 18 Pro, the analysis anticipates Apple will also unveil the iPhone 18 Pro Max during the same September event, along with what could be the company’s first foldable iPhone, potentially branded the iPhone 18 Ultra. Given the novelty of a folding form factor, the analysis suggests Apple could follow a staggered announcement-to-sale approach similar to the strategy used for the original iPhone X in 2017, when that device was announced alongside the iPhone 8 and iPhone 8 Plus but did not go on sale until several weeks later. If no significant production delays affect Apple’s foldable device, its review embargo could align with that of the standard iPhone 18 Pro lineup, mirroring last year’s approach when review embargoes for the iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max and iPhone Air all lifted simultaneously.

A predicted release date and time

Based on the full sequence of expected milestones, the analysis projects that the iPhone 18 Pro, alongside the iPhone 18 Pro Max and potentially Apple’s first foldable device, will officially go on sale on Friday, September 18, with the device becoming available at 7 a.m. local time across each of Apple’s global markets in a staggered rollout, meaning customers in Australia would be among the first in the world to purchase the new devices, while those in Los Angeles would be among the last given the time zone difference.

While Apple has not formally announced a date for its September event, the consistency of the company’s scheduling pattern over more than a decade lends significant weight to the September 9 prediction. Until Apple issues an official announcement, further confirmation of the keynote date, along with additional details about the iPhone 18 lineup and any potential foldable device, is expected to emerge in the weeks leading up to the event as Apple’s traditional pre-launch rumor cycle continues to build toward the fall.