China Construction Bank Corp. (OTCMKTS:CICHY – Get Free Report) hit a new 52-week high on Tuesday. The company traded as high as $27.25 and last traded at $27.25, with a volume of 16,287 shares traded. The stock had previously closed at $26.86.
China Construction Bank Stock Performance
The business has a 50 day moving average of $25.12 and a two-hundred day moving average of $22.51. The stock has a market capitalization of $348.06 billion, a PE ratio of 6.88 and a beta of 0.12.
China Construction Bank (OTCMKTS:CICHY – Get Free Report) last released its quarterly earnings results on Friday, October 30th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.01). China Construction Bank had a net margin of 28.25% and a return on equity of 9.82%. The firm had revenue of $29.63 billion for the quarter, compared to analysts’ expectations of $29.18 billion. On average, equities analysts expect that China Construction Bank Corp. will post 4.09 EPS for the current fiscal year.
China Construction Bank Company Profile
China Construction Bank Corporation is a major commercial bank headquartered in Beijing. Established in 1954 as the People’s Construction Bank of China, it was renamed China Construction Bank in 1996 and reorganized as a joint-stock commercial bank in 2004. The bank has a longstanding role in financing construction and infrastructure, alongside its broader banking activities. CCB serves individuals, businesses and government-related organizations. Its services include deposits, loans, payments and settlement, credit cards, wealth management, investment banking, treasury services and asset management.
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