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Bank of Communications Reports Stable 2024 Financial Results

Story Highlights
  • Bank of Communications Co., Ltd. operates in the financial services industry with a focus on banking products.
  • The bank reported a net profit of RMB 93,586 million for 2024, indicating stable financial performance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Bank of Communications Reports Stable 2024 Financial Results

Bank of Communications Co ( (HK:3328) ) has provided an update.

Bank of Communications Co., Ltd. announced its audited consolidated financial results for the year ending December 31, 2024, showing a stable financial performance. The bank reported a net profit attributable to shareholders of RMB 93,586 million, a slight increase from the previous year, alongside a growth in total assets to RMB 14,900,717 million. The results indicate a solid financial position with increased loans and advances to customers and a rise in deposits, reflecting the bank’s robust market presence and operational efficiency.

More about Bank of Communications Co

Bank of Communications Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the financial services industry. It offers a range of banking products and services, including net interest income and net fee and commission income, with a market focus on both domestic and international exchanges, such as the Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited.

YTD Price Performance: 14.68%

Average Trading Volume: 25,992

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $71.04B

For detailed information about 3328 stock, go to TipRanks’ Stock Analysis page.

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