tiprankstipranks
China Merchants Bank Reports Modest Growth in 2024 Preliminary Financial Data
Company Announcements

China Merchants Bank Reports Modest Growth in 2024 Preliminary Financial Data

Story Highlights

Stay Ahead of the Market:

China Merchants Bank Co ( (HK:3968) ) has shared an update.

China Merchants Bank Co., Ltd. has released its unaudited preliminary financial data for 2024, revealing a slight decrease in operating income by 0.47% compared to the previous year, while net profit attributable to shareholders showed a modest increase of 1.22%. The bank’s total assets and liabilities grew by 10.19% and 9.81% respectively, with a significant rise in customer deposits by 11.54%, indicating continued expansion and financial stability. The announcement is intended to inform shareholders and the public, with final audited results to be confirmed in the annual report.

More about China Merchants Bank Co

China Merchants Bank Co., Ltd. operates as a joint stock company in the financial services industry within the People’s Republic of China. The bank focuses on providing a range of banking services, including retail and corporate banking, wealth management, and other financial services to its customers.

YTD Price Performance: -0.30%

Average Trading Volume: 22,811

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $132.2B

For detailed information about 3968 stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App