Previous close | 6.94 |
Open | 6.92 |
Bid | 6.85 x 0 |
Ask | 6.86 x 0 |
Day's range | 6.83 - 7.00 |
52-week range | 5.42 - 7.04 |
Volume | |
Avg. volume | 129,805,947 |
Market cap | 443.426B |
Beta (5Y monthly) | 0.38 |
PE ratio (TTM) | 5.96 |
EPS (TTM) | 1.15 |
Earnings date | 26 Apr 2024 |
Forward dividend & yield | 0.37 (5.45%) |
Ex-dividend date | 12 Jul 2023 |
1y target est | 6.22 |
China's Bank of Communications Co Ltd (BoCom), reported a 1.44% rise in first-quarter net profit amid a slowing economy. BoCom, the first among five of the nation's biggest state banks reporting first-quarter results, booked a net profit of 24.99 billion yuan ($3.45 billion) in the three months ended March, up from 24.63 billion yuan in the same period last year, the bank said in a filing on Friday. China's lenders face shrinking profitability as they are urged to reduce interest rates on loans to help bolster flagging sectors as lending demand falls.
(Bloomberg) -- China’s protracted property downturn is eroding the balance sheets of the nation’s largest state banks as their bad loans creep up.Most Read from BloombergLondon Insurers Face Baltimore Bridge Payouts Worth BillionsDubai Is Losing Its Allure for Wealthy RussiansUBS Banker’s Frustration Exposes Cracks in World of Climate FinanceTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineBiden Gains Ground Against Trump in Six Key States, Poll ShowsBank of Communications Co.
Five of China's largest lenders have posted shrinking net interest margins (NIM), while warning of ongoing property sector risks. Amid a slowing economy, China's lenders are under pressure to reduce interest rates on the loans they make to bolster flagging sectors as demand for lending falls. On Thursday, China Construction Bank Corp (CCB), Bank of China (BoC) and Agricultural Bank of China (AgBank) all reported sliding margins - a key gauge of profitability - in their annual results.