Bank of China (OTCMKTS:BACHY - Get Free Report) released its quarterly earnings results on Wednesday. The bank reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.07, Zacks reports. Bank of China had a return on equity of 7.81% and a net margin of 17.35%. The business had revenue of $17.82 billion during the quarter, compared to analyst estimates of $130.61 billion.
Bank of China Stock Up 3.7 %
Shares of BACHY traded up $0.55 during trading hours on Tuesday, reaching $15.22. The company's stock had a trading volume of 48,397 shares, compared to its average volume of 31,246. The company has a 50 day moving average of $13.92 and a two-hundred day moving average of $12.70. The firm has a market cap of $179.22 billion, a price-to-earnings ratio of 5.97 and a beta of 0.18. Bank of China has a 1-year low of $10.14 and a 1-year high of $15.50.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on BACHY shares. Bank of America reaffirmed a "neutral" rating on shares of Bank of China in a research note on Thursday, March 27th. The Goldman Sachs Group raised Bank of China from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th.
Check Out Our Latest Report on Bank of China
About Bank of China
(
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Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.
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