Bank of Communications (OTCMKTS:BCMXY) Releases Earnings Results, Misses Expectations By $0.07 EPS

Bank of Communications (OTCMKTS:BCMXY) announced its quarterly earnings results on Friday. The bank reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.07), Zacks reports. The business had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.28 billion. Bank of Communications had a net margin of 18.19% and a return on equity of 7.70%.

Bank of Communications Stock Performance

Shares of BCMXY opened at $20.71 on Friday. The firm has a market cap of $61.52 billion, a P/E ratio of 5.52 and a beta of -0.17. Bank of Communications has a 12 month low of $19.70 and a 12 month high of $25.00. The stock’s 50 day moving average is $21.12 and its two-hundred day moving average is $22.07.

About Bank of Communications

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.