China CITIC Bank (OTCMKTS:CHCJY) Posts Quarterly Earnings Results

China CITIC Bank (OTCMKTS:CHCJY) posted its quarterly earnings data on Wednesday. The company reported $0.79 earnings per share for the quarter, Zacks reports. China CITIC Bank had a return on equity of 8.44% and a net margin of 20.39%.

China CITIC Bank Stock Performance

Shares of CHCJY opened at $19.60 on Thursday. China CITIC Bank has a twelve month low of $15.92 and a twelve month high of $22.30. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.27. The company’s fifty day simple moving average is $18.65 and its 200-day simple moving average is $19.35. The company has a market cap of $47.96 billion, a P/E ratio of 5.80 and a beta of 0.31.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of China CITIC Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

About China CITIC Bank

China CITIC Bank Co, Ltd., a subsidiary of CITIC Group, is a leading Chinese commercial bank headquartered in Beijing. Established in the late 1980s, the bank was among the first national joint-stock commercial banks approved by the Chinese government. It is quoted on the U.S. OTC Market under the symbol CHCJY.

The bank offers a wide range of financial services, including corporate and institutional banking, retail banking, treasury and financial markets services. Corporate clients can access lending solutions, trade finance, cash management and project financing, while retail customers can choose from deposit accounts, personal loans, credit cards, wealth management and digital banking platforms.