Shares of Bank of Communications Co. (OTCMKTS:BCMXY – Get Free Report) reached a new 52-week high during trading on Thursday. The stock traded as high as $27.91 and last traded at $27.91, with a volume of 191 shares trading hands. The stock had previously closed at $25.40.
Bank of Communications Stock Up 13.3%
The company has a market cap of $82.91 billion, a price-to-earnings ratio of 7.19 and a beta of -0.02. The firm has a 50 day moving average price of $25.24 and a two-hundred day moving average price of $22.70.
Bank of Communications (OTCMKTS:BCMXY – Get Free Report) last released its quarterly earnings results on Friday, October 30th. The bank reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. The business had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.65 billion. Bank of Communications had a return on equity of 8.44% and a net margin of 19.61%. On average, equities analysts expect that Bank of Communications Co. will post 4.22 earnings per share for the current year.
About Bank of Communications
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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