Bank of China (OTCMKTS:BACHY) Announces Earnings Results, Hits Expectations

Bank of China (OTCMKTS:BACHY) posted its quarterly earnings results on Monday. The bank reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67, Zacks reports. The firm had revenue of $23.66 billion for the quarter, compared to analyst estimates of $20.13 billion. Bank of China had a net margin of 19.65% and a return on equity of 7.81%.

Bank of China Price Performance

Bank of China stock opened at $15.13 on Tuesday. Bank of China has a 52-week low of $12.69 and a 52-week high of $15.69. The firm has a fifty day moving average of $14.73 and a 200-day moving average of $14.40. The firm has a market capitalization of $195.00 billion, a P/E ratio of 5.89 and a beta of 0.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.02.

About Bank of China

Bank of China (OTCMKTS: BACHY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services to corporate, institutional and retail clients. Founded in 1912, the bank has grown into one of China’s largest and longest-established banking institutions and is commonly grouped with the nation’s “Big Four” banks. Its core activities include deposit-taking, corporate and retail lending, trade finance, foreign exchange and treasury services, as well as cash management and payment services for domestic and cross-border clients.

In addition to traditional commercial banking, Bank of China offers investment banking and capital markets services, structured finance, asset management and wealth management solutions.