Bank of China (OTCMKTS:BACHY – Get Free Report) released its quarterly earnings results on Friday. The bank reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01), Zacks reports. The firm had revenue of $25.47 billion during the quarter, compared to analysts’ expectations of $25.47 billion. Bank of China had a return on equity of 7.88% and a net margin of 20.44%.
Bank of China Stock Performance
BACHY stock opened at $19.57 on Friday. The company has a market cap of $252.23 billion, a price-to-earnings ratio of 7.50 and a beta of 0.07. The business’s 50-day moving average is $18.99 and its two-hundred day moving average is $16.67. Bank of China has a fifty-two week low of $13.80 and a fifty-two week high of $20.01.
About Bank of China
Bank of China Limited is a major Chinese commercial bank headquartered in Beijing. Established in 1912, it is one of the country’s oldest banks and is among China’s large state-owned commercial banking institutions. The bank provides financial services to individuals, businesses, government entities and institutional clients.
Its principal activities include corporate banking, personal banking, financial markets, wealth management and investment banking. Products and services include deposits, loans, payment and settlement services, trade finance, foreign-exchange services, credit cards, mortgages and other consumer financial products.
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