Industrial and Commercial Bank of China (OTCMKTS:IDCBY - Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.02), Zacks reports. Industrial and Commercial Bank of China had a return on equity of 9.37% and a net margin of 23.22%. The company had revenue of $25.31 billion during the quarter, compared to the consensus estimate of $199.75 billion.
Industrial and Commercial Bank of China Price Performance
IDCBY stock traded up $0.04 during mid-day trading on Tuesday, reaching $14.20. 23,881 shares of the company traded hands, compared to its average volume of 40,351. Industrial and Commercial Bank of China has a 52-week low of $9.84 and a 52-week high of $14.95. The company has a market capitalization of $253.05 billion, a P/E ratio of 5.20 and a beta of 0.09. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.92 and a quick ratio of 0.92. The company has a fifty day moving average price of $14.07 and a 200-day moving average price of $12.87.
Industrial and Commercial Bank of China Company Profile
(
Get Free Report)
Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.
Further Reading
Before you consider Industrial and Commercial Bank of China, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Industrial and Commercial Bank of China wasn't on the list.
While Industrial and Commercial Bank of China currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
