Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
China CITIC Bank ( (HK:0998) ) just unveiled an announcement.
China CITIC Bank released its unaudited preliminary financial results for 2024, indicating a modest performance improvement. The bank’s total operating income increased by 3.76%, while operating profit rose by 8.05%. Net profit attributable to equity holders showed a slight gain of 2.33% compared to the previous year. However, the bank experienced a decrease in basic earnings per share by 3.94% and a decline in return on weighted average equity by 1.01 percentage points. These results suggest a steady financial position with an increase in total assets by 5.28% and total equity by 10.03%, signaling a positive yet cautious outlook for stakeholders.
More about China CITIC Bank
China CITIC Bank Corporation Limited is a joint stock limited company incorporated in the People’s Republic of China. It operates within the banking industry, providing a range of financial services. The bank is listed on the Hong Kong and Shanghai Stock Exchanges, focusing on serving both individual and corporate clients with various banking services.
YTD Price Performance: -1.49%
Average Trading Volume: 37,986
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $46.36B
Find detailed analytics on 0998 stock on TipRanks’ Stock Analysis page.
