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 traded.
Bank of Communications Stock Up 14.5%
The company has a market capitalization of $83.83 billion, a PE ratio of 7.27 and a beta of -0.02. The company has a 50-day moving average price of $25.36 and a two-hundred day moving average price of $22.74.
Bank of Communications (OTCMKTS:BCMXY – Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The bank reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.65 billion. As a group, equities analysts anticipate that Bank of Communications Co. will post 4.22 EPS for the current fiscal 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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