Industrial & Commercial Bank of China Ltd. (IDCBY) Expected to Announce Quarterly Earnings on Thursday

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY) is expected to be releasing its results after the market closes on Thursday, October 29th. Analysts expect the company to announce earnings of $0.8670 per share and revenue of $32.89 billion for the quarter.

Industrial & Commercial Bank of China Ltd. Stock Performance

Shares of Industrial & Commercial Bank of China Ltd. stock opened at $19.44 on Wednesday. Industrial & Commercial Bank of China Ltd. has a 52-week low of $14.99 and a 52-week high of $20.00. The company’s 50 day moving average price is $19.21 and its 200-day moving average price is $17.73.

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 report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Industrial & Commercial Bank of China Ltd. Company Profile

Industrial & Commercial Bank of China Limited (OTCMKTS: IDCBY), commonly known as ICBC, is a China-based commercial bank headquartered in Beijing. Established in 1984, the bank provides financial services to corporations, government entities, financial institutions, small businesses and individual customers.

ICBC’s business includes corporate and personal deposits and lending, payment and settlement services, bank cards, trade finance, foreign-exchange services and wealth management.