Industrial & Commercial Bank of China Ltd. (IDCBY) Projected to Post Earnings on Friday

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) will likely be announcing its results after the market closes on Friday, September 4th. Analysts expect Industrial & Commercial Bank of China Ltd. to post earnings of $0.7220 per share and revenue of $32.3509 billion for the quarter.

Industrial & Commercial Bank of China Ltd. Price Performance

OTCMKTS IDCBY opened at $19.54 on Wednesday. Industrial & Commercial Bank of China Ltd. has a one year low of $13.92 and a one year high of $20.00. The stock has a 50-day moving average of $18.03 and a 200 day moving average of $17.53. The company has a market capitalization of $348.26 billion, a price-to-earnings ratio of 6.88 and a beta of 0.10. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.86 and a current ratio of 0.86.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Industrial & Commercial Bank of China Ltd. from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Industrial & Commercial Bank of China Ltd. has an average rating of “Strong Buy”.

Industrial & Commercial Bank of China Ltd. Company Profile

Industrial & Commercial Bank of China Ltd. (ICBC) is a state-owned commercial bank headquartered in Beijing. Founded in 1984, ICBC has grown into one of the world’s largest banking institutions by total assets, operating a diversified financial services business that serves corporate, institutional and retail clients. The bank provides deposit-taking and lending, trade and transaction banking, treasury and markets services, as well as a range of payment and settlement solutions.

ICBC’s product and service offerings span corporate banking, retail banking, and investment banking, including corporate loans, supply‑chain and trade finance, cash management, credit and debit cards, mortgages and consumer finance, wealth-management products, custody and asset-management services.