Bank of China (OTCMKTS:BACHY) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Bank of China (OTCMKTS:BACHY) released its quarterly earnings data on Wednesday. The bank reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07, Zacks reports. The business had revenue of $17.82 billion during the quarter, compared to analysts’ expectations of $130.61 billion. Bank of China had a net margin of 17.35% and a return on equity of 7.81%.

Bank of China Price Performance

BACHY stock traded up $0.04 during trading hours on Friday, reaching $14.77. 29,028 shares of the stock were exchanged, compared to its average volume of 31,483. The firm’s 50-day moving average is $13.83 and its 200-day moving average is $12.61. Bank of China has a 12 month low of $10.10 and a 12 month high of $15.43. The company has a market cap of $173.92 billion, a price-to-earnings ratio of 5.79 and a beta of 0.18.

Analysts Set New Price Targets

BACHY has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded Bank of China from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Bank of America reissued a “neutral” rating on shares of Bank of China in a research note on Thursday.

About Bank of China

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.