Industrial & Commercial Bank of China Ltd. (IDCBY) Expected to Announce Quarterly Earnings on Thursday

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) is anticipated to announce its results after the market closes on Thursday, October 29th. Analysts expect the company to announce earnings of $0.8670 per share and revenue of $32.89 billion for the quarter.

Industrial & Commercial Bank of China Ltd. Price Performance

OTCMKTS:IDCBY opened at $18.91 on Tuesday. The business’s 50-day moving average price is $19.18 and its 200 day moving average price is $17.69. The firm has a market cap of $337.02 billion, a P/E ratio of 6.57 and a beta of 0.09. Industrial & Commercial Bank of China Ltd. has a 52-week low of $14.99 and a 52-week high of $20.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.81.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Industrial & Commercial Bank of China Ltd. from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, Industrial & Commercial Bank of China Ltd. currently has an average rating of “Strong Buy”.

About Industrial & Commercial Bank of China Ltd.

Industrial & Commercial Bank of China Limited (OTCMKTS: IDCBY), commonly known as ICBC, is a China-based commercial bank headquartered in Beijing. Established in 1984, the bank provides financial services to corporations, government entities, financial institutions, small businesses and individual customers.

ICBC’s business includes corporate and personal deposits and lending, payment and settlement services, bank cards, trade finance, foreign-exchange services and wealth management.