Bank of Communications Co. (OTCMKTS:BCMXY – Get Free Report) shares reached a new 52-week high during mid-day 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 Price Performance
The company has a 50 day moving average of $25.24 and a two-hundred day moving average of $22.70. The company has a market capitalization of $82.91 billion, a PE ratio of 7.19 and a beta of -0.02.
Bank of Communications (OTCMKTS:BCMXY – Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The bank reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.07. Bank of Communications had a return on equity of 8.44% and a net margin of 19.61%. The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.65 billion. On average, equities analysts anticipate that Bank of Communications Co. will post 4.22 EPS 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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