Bank of China (OTCMKTS:BACHY) Announces Earnings Results

Bank of China (OTCMKTS:BACHY) released its earnings results on Wednesday. The bank reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07, Zacks reports. The firm had revenue of $17.82 billion during the quarter, compared to analyst estimates of $130.61 billion. Bank of China had a net margin of 17.35% and a return on equity of 7.81%.

Bank of China Stock Up 0.3 %

Bank of China stock traded up $0.04 during midday trading on Friday, hitting $14.77. 29,028 shares of the stock were exchanged, compared to its average volume of 31,483. The stock has a market capitalization of $173.92 billion, a PE ratio of 5.79 and a beta of 0.18. The company has a fifty day simple moving average of $13.83 and a two-hundred day simple moving average of $12.61. Bank of China has a 52 week low of $10.10 and a 52 week high of $15.43.

Wall Street Analyst Weigh In

BACHY has been the topic of several recent research reports. The Goldman Sachs Group upgraded Bank of China from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Bank of America reissued a “neutral” rating on shares of Bank of China in a research note on Thursday.

Bank of China Company Profile

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.