Bank of Communications Co. (OTCMKTS:BCMXY – Get Free Report)’s share price gapped up prior to trading on Friday. The stock had previously closed at $24.64, but opened at $28.22. Bank of Communications shares last traded at $28.22, with a volume of 166 shares changing hands.
Bank of Communications Price Performance
The firm has a market capitalization of $83.83 billion, a PE ratio of 7.27 and a beta of -0.02. The company’s fifty day simple moving average is $25.36 and its 200 day simple moving average is $22.74.
Bank of Communications (OTCMKTS:BCMXY – Get Free Report) last posted its earnings results on Friday, October 30th. The bank reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.07. Bank of Communications had a net margin of 19.61% and a return on equity of 8.44%. The firm had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.65 billion. On average, analysts anticipate that Bank of Communications Co. will post 4.22 earnings per share for the current fiscal year.
Bank of Communications Company Profile
Bank of Communications Co, Ltd. is a Chinese commercial bank headquartered in Shanghai. Established in 1908, it is one of China’s oldest banking institutions and has developed into a large, diversified financial services group serving individuals, businesses, government-related organizations and institutional clients.
The bank provides personal and corporate banking services, including deposits, loans, payments, settlement, credit cards and wealth management. Its broader offerings include investment banking, asset management, financial markets and treasury services, as well as financing and advisory solutions for corporate and institutional customers.
Bank of Communications serves customers through a nationwide branch and digital banking network in mainland China and maintains an international presence through operations and subsidiaries in markets that include Hong Kong and other overseas financial centers.
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