Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY – Get Free Report)’s share price dropped 0.1% during mid-day trading on Friday . The stock traded as low as $15.69 and last traded at $15.70. Approximately 45,833 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 44,817 shares. The stock had previously closed at $15.7101.
Industrial & Commercial Bank of China Ltd. Trading Down 0.1%
The company has a market capitalization of $279.78 billion, a price-to-earnings ratio of 5.73 and a beta of 0.14. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.87 and a current ratio of 0.87. The business’s 50-day simple moving average is $15.94 and its 200-day simple moving average is $15.50.
Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. Industrial & Commercial Bank of China Ltd. had a net margin of 24.10% and a return on equity of 8.96%. The business had revenue of $28.44 billion during the quarter, compared to the consensus estimate of $27.38 billion.
Industrial & Commercial Bank of China Ltd. Company Profile
Industrial & Commercial Bank of China Ltd. (ICBC) is a state-owned commercial bank headquartered in Beijing. Founded in 1984, ICBC has grown into one of the world’s largest banking institutions by total assets, operating a diversified financial services business that serves corporate, institutional and retail clients. The bank provides deposit-taking and lending, trade and transaction banking, treasury and markets services, as well as a range of payment and settlement solutions.
ICBC’s product and service offerings span corporate banking, retail banking, and investment banking, including corporate loans, supply‑chain and trade finance, cash management, credit and debit cards, mortgages and consumer finance, wealth-management products, custody and asset-management services.
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