Shares of Bank of Communications Co. (OTCMKTS:BCMXY – Get Free Report) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $25.36 and traded as high as $27.91. Bank of Communications shares last traded at $27.91, with a volume of 242 shares traded.
Bank of Communications Price Performance
The business’s 50 day moving average is $25.36 and its 200-day moving average is $22.74. The company has a market cap of $82.91 billion, a PE ratio of 7.19 and a beta of -0.02.
Bank of Communications (OTCMKTS:BCMXY – Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The bank reported $1.00 EPS for the quarter, topping the consensus estimate of $0.93 by $0.07. Bank of Communications had a net margin of 19.61% and a return on equity of 8.44%. The company had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.65 billion. As a group, sell-side analysts predict that Bank of Communications Co. will post 4.22 EPS for the current fiscal year.
About Bank of Communications
Bank of Communications Co, Ltd. is a Chinese commercial bank headquartered in Shanghai. Established in 1908, it is one of China’s oldest banking institutions and has developed into a large, diversified financial services group serving individuals, businesses, government-related organizations and institutional clients.
The bank provides personal and corporate banking services, including deposits, loans, payments, settlement, credit cards and wealth management. Its broader offerings include investment banking, asset management, financial markets and treasury services, as well as financing and advisory solutions for corporate and institutional customers.
Bank of Communications serves customers through a nationwide branch and digital banking network in mainland China and maintains an international presence through operations and subsidiaries in markets that include Hong Kong and other overseas financial centers.
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