Bank of Communications Co. (OTCMKTS:BCMXY – Get Free Report) saw unusually-strong trading volume on Thursday . 1,103 shares traded hands during mid-day trading, an increase of 171% from the previous session’s volume of 407 shares.The stock last traded at $23.40 and had previously closed at $23.47.
Analysts Set New Price Targets
Separately, Zacks Research upgraded shares of Bank of Communications to a “hold” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Analysis on BCMXY
Bank of Communications Stock Down 0.3%
Bank of Communications (OTCMKTS:BCMXY – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04). The firm had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.02 billion. Bank of Communications had a net margin of 19.03% and a return on equity of 7.66%. As a group, research analysts forecast that Bank of Communications Co. will post 4.13 EPS for the current fiscal year.
About Bank of Communications
Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.
The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.
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