Bank of Communications (OTCMKTS:BCMXY) Reaches New 12-Month High – Here’s What Happened

Bank of Communications Co. (OTCMKTS:BCMXY) shares reached a new 52-week high during trading on Monday. The company traded as high as $27.35 and last traded at $27.35, with a volume of 189 shares changing hands. The stock had previously closed at $26.6862.

Bank of Communications Stock Up 2.5%

The stock has a 50-day simple moving average of $24.71 and a 200 day simple moving average of $22.82. The company has a market cap of $81.24 billion, a PE ratio of 7.58 and a beta of -0.04.

Bank of Communications (OTCMKTS:BCMXY) last posted its quarterly earnings data on Friday, August 28th. The bank reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.81. Bank of Communications had a return on equity of 7.91% and a net margin of 19.23%. The firm had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $10.32 billion. As a group, research analysts anticipate that Bank of Communications Co. will post 4.12 earnings per share for the current fiscal year.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. is a major Chinese commercial bank that provides banking and financial services to businesses, individuals, government-related institutions and other organizations. Its principal activities include corporate banking, retail banking, institutional banking, investment banking, asset management, financial markets and treasury services.

The bank offers products such as deposits, loans, payment and settlement services, trade finance, wealth management, personal banking, credit cards and foreign-exchange services.