China Merchants Bank Co. (OTCMKTS:CIHKY – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 36,757 shares changed hands during trading, a decline of 7% from the previous session’s volume of 39,355 shares.The stock last traded at $30.50 and had previously closed at $30.32.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded China Merchants Bank to a “hold” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.
Get Our Latest Research Report on China Merchants Bank
China Merchants Bank Stock Up 0.2%
China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.08 earnings per share for the quarter. The company had revenue of $12.44 billion for the quarter, compared to analyst estimates of $12.43 billion. China Merchants Bank had a return on equity of 12.14% and a net margin of 32.40%. As a group, equities research analysts predict that China Merchants Bank Co. will post 4.5 earnings per share for the current year.
China Merchants Bank Company Profile
China Merchants Bank (OTCMKTS: CIHKY) is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.
The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management.
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