China Merchants Bank Co. (OTCMKTS:CIHKY – Get Free Report)’s stock price was down 2% during mid-day trading on Friday. The stock traded as low as $33.79 and last traded at $33.86. 14,514 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 25,332 shares. The stock had previously closed at $34.55.
China Merchants Bank Stock Down 2.0%
The company has a market capitalization of $170.79 billion, a price-to-earnings ratio of 8.16 and a beta of 0.18. The business’s 50-day moving average is $32.48 and its 200-day moving average is $31.26.
China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) last announced its quarterly earnings results on Friday, August 28th. The company reported $1.09 earnings per share for the quarter. The company had revenue of $13.01 billion during the quarter, compared to analysts’ expectations of $12.98 billion. China Merchants Bank had a return on equity of 12.45% and a net margin of 32.69%. As a group, analysts expect that China Merchants Bank Co. will post 4.51 EPS for the current year.
China Merchants Bank Company Profile
China Merchants Bank Co, Ltd. is a commercial bank headquartered in Shenzhen, China. Established in 1987, it provides financial services to individual customers, businesses and institutional clients through a combination of branch-based and digital banking channels.
The bank’s services include personal and corporate deposits and loans, credit cards, payments, wealth management, asset management, investment banking, custody, foreign exchange and treasury services. It also provides financial leasing and other specialized services through affiliated businesses, including CMB International, CMB Financial Leasing and CMB Wealth Management.
China Merchants Bank primarily serves customers in mainland China and maintains an international presence through overseas branches, subsidiaries and representative offices.
See Also
- Five stocks we like better than China Merchants Bank
- Bank of America Stock Sell-Off Looks Like a Buying Opportunity
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
Receive News & Ratings for China Merchants Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Merchants Bank and related companies with MarketBeat.com's FREE daily email newsletter.
