Bank of Communications (OTCMKTS:BCMXY) Sees Large Volume Increase – Here’s What Happened

Bank of Communications Co. (OTCMKTS:BCMXY) shares saw strong trading volume on Friday . 306 shares traded hands during mid-day trading, an increase of 993% from the previous session’s volume of 28 shares.The stock last traded at $21.3250 and had previously closed at $23.10.

Bank of Communications Stock Performance

The company has a market capitalization of $63.35 billion, a price-to-earnings ratio of 5.51 and a beta of -0.16. The business’s 50-day simple moving average is $23.71 and its 200-day simple moving average is $22.49.

Bank of Communications (OTCMKTS:BCMXY) last posted its quarterly earnings results on Thursday, October 30th. The bank reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.18). Bank of Communications had a return on equity of 7.70% and a net margin of 18.19%.The business had revenue of $9.38 billion for the quarter, compared to the consensus estimate of $9.11 billion.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.