China CITIC Bank Corporation Limited (OTCMKTS:CHCJY – Get Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $17.19, but opened at $19.40. China CITIC Bank shares last traded at $19.40, with a volume of 200 shares.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of China CITIC Bank to a “hold” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on CHCJY
China CITIC Bank Stock Performance
China CITIC Bank (OTCMKTS:CHCJY – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.04 EPS for the quarter. China CITIC Bank had a return on equity of 8.44% and a net margin of 20.39%.The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.86 billion. Research analysts forecast that China CITIC Bank Corporation Limited will post 3.61 EPS for the current fiscal year.
China CITIC Bank Company Profile
China CITIC Bank Co, Ltd., a subsidiary of CITIC Group, is a leading Chinese commercial bank headquartered in Beijing. Established in the late 1980s, the bank was among the first national joint-stock commercial banks approved by the Chinese government. It is quoted on the U.S. OTC Market under the symbol CHCJY.
The bank offers a wide range of financial services, including corporate and institutional banking, retail banking, treasury and financial markets services. Corporate clients can access lending solutions, trade finance, cash management and project financing, while retail customers can choose from deposit accounts, personal loans, credit cards, wealth management and digital banking platforms.
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