Bank of Communications (OTCMKTS:BCMXY) Announces Quarterly Earnings Results

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

Bank of Communications Stock Performance

Shares of BCMXY remained flat at $24.64 during midday trading on Friday. 277 shares of the stock traded hands, compared to its average volume of 33. The stock has a market capitalization of $73.19 billion, a price-to-earnings ratio of 6.83 and a beta of -0.04. The company’s 50-day moving average is $25.35 and its 200 day moving average is $22.63. Bank of Communications has a 1-year low of $19.89 and a 1-year high of $27.35.

About Bank of Communications

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.