Bank of Communications (OTCMKTS:BCMXY) Announces Quarterly Earnings Results

Bank of Communications (OTCMKTS:BCMXY) released its earnings results on Wednesday. The bank reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.04), Zacks reports. Bank of Communications had a return on equity of 7.66% and a net margin of 19.03%.The firm had revenue of $10.02 billion for the quarter, compared to analysts’ expectations of $10.02 billion.

Bank of Communications Price Performance

BCMXY opened at $22.00 on Friday. The business’s 50-day simple moving average is $21.16 and its 200-day simple moving average is $22.08. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.94 and a current ratio of 0.94. Bank of Communications has a one year low of $19.70 and a one year high of $25.00. The stock has a market capitalization of $65.35 billion, a P/E ratio of 6.01 and a beta of -0.17.

Analyst Ratings Changes

Separately, Zacks Research upgraded Bank of Communications to a “hold” rating in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Bank of Communications currently has an average rating of “Hold”.

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.