Bank of East Asia (OTCMKTS:BKEAY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “Bank E Asia has dedicated itself to service on behalf of the people of Hong Kong and customers in China and overseas. BEA is the largest independent local bank in Hong Kong. BEA offers a full range of wholesale and retail banking services covering corporate banking, personal banking, investment banking and China services. Products ranging from deposits, foreign currency savings, mortgage loans, consumer loans, credit cards, Cyberbanking, Mandatory Provident Fund services, trade finance, syndicated loans, remittances and foreign exchange margin trading. “
OTCMKTS BKEAY opened at $3.40 on Wednesday. Bank of East Asia has a 52-week low of $2.95 and a 52-week high of $4.48. The company has a market cap of $9.75 billion, a PE ratio of 12.59 and a beta of 1.12.
About Bank of East Asia
The Bank of East Asia, Limited provides various banking and related financial services. It operates through nine segments: Personal Banking, Corporate Banking, Treasury Markets, Wealth Management, Financial Institutions, Others, China Operations, Overseas Operations, and Corporate Services. The company offers various commercial and personal banking, financial, and insurance services.
Further Reading: What are defining characteristics of a correction?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bank of East Asia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of East Asia and related companies with MarketBeat.com's FREE daily email newsletter.