Bank of Communications (OTCMKTS:BCMXY – Get Free Report) announced its earnings results on Wednesday. The bank reported $1.08 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.04), Zacks reports. The company had revenue of $10.02 billion for the quarter, compared to analyst estimates of $10.02 billion. Bank of Communications had a return on equity of 7.66% and a net margin of 19.03%.
Bank of Communications Stock Performance
BCMXY remained flat at $22.00 during midday trading on Friday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 28. Bank of Communications has a 1 year low of $19.70 and a 1 year high of $25.00. The stock has a 50 day moving average of $21.16 and a two-hundred day moving average of $22.08. The company has a market cap of $65.35 billion, a P/E ratio of 6.01 and a beta of -0.17. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.94 and a current ratio of 0.94.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Bank of Communications to a “hold” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.
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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