Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.02, Zacks reports. Industrial & Commercial Bank of China Ltd. had a net margin of 24.67% and a return on equity of 8.75%.
Industrial & Commercial Bank of China Ltd. Stock Up 3.1%
Shares of IDCBY traded up $0.62 during midday trading on Friday, reaching $20.38. 84,133 shares of the stock were exchanged, compared to its average volume of 51,772. The company has a market cap of $363.18 billion, a price-to-earnings ratio of 7.08 and a beta of 0.09. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.81. Industrial & Commercial Bank of China Ltd. has a 12-month low of $15.05 and a 12-month high of $20.77. The firm has a 50 day simple moving average of $19.25 and a 200-day simple moving average of $17.77.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of Industrial & Commercial Bank of China Ltd. to a “hold” rating in a report on Monday. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on Industrial & Commercial Bank of China Ltd.
Industrial & Commercial Bank of China Ltd. Company Profile
Industrial & Commercial Bank of China Limited (OTCMKTS: IDCBY), commonly known as ICBC, is a China-based commercial bank headquartered in Beijing. Established in 1984, the bank provides financial services to corporations, government entities, financial institutions, small businesses and individual customers.
ICBC’s business includes corporate and personal deposits and lending, payment and settlement services, bank cards, trade finance, foreign-exchange services and wealth management.
Featured Articles
- Five stocks we like better than Industrial & Commercial Bank of China Ltd.
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for Industrial & Commercial Bank of China Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrial & Commercial Bank of China Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.
