Bank of Communications (OTCMKTS:BCMXY) Posts Earnings Results, Beats Estimates By $0.07 EPS

Bank of Communications (OTCMKTS:BCMXY) announced its quarterly earnings results on Friday. The bank reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07, Zacks reports. Bank of Communications had a net margin of 19.23% and a return on equity of 7.91%.

Bank of Communications Stock Performance

Shares of Bank of Communications stock remained flat at $24.64 during trading on Friday. The stock had a trading volume of 277 shares, compared to its average volume of 33. The business has a 50 day simple moving average of $25.35 and a two-hundred day simple moving average of $22.63. Bank of Communications has a 12-month low of $19.89 and a 12-month high of $27.35. The company has a market capitalization of $73.19 billion, a PE ratio of 6.83 and a beta of -0.04.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. is a Chinese commercial bank headquartered in Shanghai. Established in 1908, it is one of China’s oldest banking institutions and has developed into a large, diversified financial services group serving individuals, businesses, government-related organizations and institutional clients.

The bank provides personal and corporate banking services, including deposits, loans, payments, settlement, credit cards and wealth management. Its broader offerings include investment banking, asset management, financial markets and treasury services, as well as financing and advisory solutions for corporate and institutional customers.

Bank of Communications serves customers through a nationwide branch and digital banking network in mainland China and maintains an international presence through operations and subsidiaries in markets that include Hong Kong and other overseas financial centers.