Bank of Communications (OTCMKTS:BCMXY) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Bank of Communications (OTCMKTS:BCMXY) announced its quarterly earnings data on Friday. The bank reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.07), Zacks reports. Bank of Communications had a return on equity of 7.70% and a net margin of 18.19%.The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.28 billion.

Bank of Communications Stock Performance

Shares of OTCMKTS:BCMXY opened at $20.71 on Friday. The stock has a market capitalization of $61.52 billion, a price-to-earnings ratio of 5.52 and a beta of -0.17. Bank of Communications has a 1-year low of $19.70 and a 1-year high of $25.00. The company has a 50 day moving average price of $21.12 and a 200 day moving average price of $22.07.

About Bank of Communications

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.