Bank of East Asia (OTCMKTS:BKEAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Bank E Asia has dedicated itself to service on behalf of the people of Hong Kong and customers in China and overseas. BEA is the largest independent local bank in Hong Kong. BEA offers a full range of wholesale and retail banking services covering corporate banking, personal banking, investment banking and China services. Products ranging from deposits, foreign currency savings, mortgage loans, consumer loans, credit cards, Cyberbanking, Mandatory Provident Fund services, trade finance, syndicated loans, remittances and foreign exchange margin trading. “

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Separately, ValuEngine upgraded shares of Bank of East Asia from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd.

BKEAY stock opened at $4.13 on Wednesday. Bank of East Asia has a 12-month low of $3.87 and a 12-month high of $4.61.

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Bank of East Asia Company Profile

The Bank of East Asia, Limited is a company mainly engaged in the banking business. Along with subsidiaries, it operates its business through nine segments: the China Operations segment, the Personal Banking segment, the Corporate Banking segment, the Overseas Operations segment, the Wealth Management segment, the Treasury Markets segment, the Financial Institutions segment, the Other Hong Kong Banking Operations segment, the Corporate Services segment, and the Other Businesses segment.

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