Industrial & Commercial Bank of China released its earnings results on Oct 30, 2024. The company reported $0.703 earnings per share for the quarter, missing the consensus estimate of $0.71 by -$0.007.

Is Industrial & Commercial Bank of China overvalued?

According to Wall Street analysts Industrial & Commercial Bank of China’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Industrial & Commercial Bank of China pay dividends?

Industrial & Commercial Bank of China pays a Annually dividend of $0.301 which represents an annual dividend yield of 5.69%. See more information on Industrial & Commercial Bank of China dividends here

What is Industrial & Commercial Bank of China’s EPS estimate?

Industrial & Commercial Bank of China’s EPS estimate is $0.76.

How many shares outstanding does Industrial & Commercial Bank of China have?

Industrial & Commercial Bank of China has 4,339,702,600 shares outstanding.

What happened to Industrial & Commercial Bank of China’s price movement after its last earnings report?

Industrial & Commercial Bank of China reported an EPS of $0.703 in its last earnings report, missing expectations of $0.71. Following the earnings report the stock price went down -1.736%.

Which hedge fund is a major shareholder of Industrial & Commercial Bank of China?

Currently, no hedge funds are holding shares in IDCBY

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Industrial & Commercial Bank of China Stock Smart Score

Unlock Smart Score

Technicals

Fundamentals

Return on Equity

10.12%

Trailing 12-Months

Asset Growth

13.17%

Trailing 12-Months

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Company Description

Industrial & Commercial Bank of China

Industrial & Commercial Bank of China Ltd. engages in the provision of commercial banking and financial services. It operates through the following business segments: Corporate Banking, Personal Banking, Treasury Operations, and Others. The Corporate Banking segment provides corporate loans, trade financing, deposit-taking activities, corporate wealth management services, custody activities, and various types of corporate intermediary services to corporations, government agencies and financial institutions. The Personal Banking segment offers personal loans, deposit-taking activities, card business, personal wealth management services, and various types of personal intermediary services to individual customers. The Treasury Operations segment issues money market transactions, investment securities, foreign exchange transactions and the holding of derivative positions, for its own account or on behalf of customers. The Others segment includes assets, liabilities, income, and expenses that cannot be allocated to a segment. The company was founded on January 1, 1984 and is headquartered in Beijing, China.

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IDCBY Earnings Call

Q3 2024

0:00 / 0:00

Earnings Call Sentiment|Neutral

The earnings call presented a mix of positive and negative aspects. While there was strong asset growth, improvement in the NPL ratio, and growth in noninterest income, there were significant pressures on the net interest margin and challenges in the real estate market. The sentiment reflects cautious optimism with ongoing challenges.Read More>

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