Bank of Communications (OTCMKTS:BCMXY) Posts Earnings Results

Bank of Communications (OTCMKTS:BCMXY) released its quarterly earnings results on Friday. The bank reported $0.99 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.07), Zacks reports. Bank of Communications had a net margin of 18.19% and a return on equity of 7.70%. The business had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.28 billion.

Bank of Communications Stock Performance

BCMXY opened at $20.71 on Friday. The company’s 50 day moving average is $21.12 and its 200 day moving average is $22.07. The company has a market cap of $61.52 billion, a price-to-earnings ratio of 5.52 and a beta of -0.17. Bank of Communications has a 12-month low of $19.70 and a 12-month high of $25.00.

About Bank of Communications

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.