Bank of China (OTCMKTS:BACHY) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Bank of China (OTCMKTS:BACHY) released its earnings results on Friday. The bank reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.01), Zacks reports. Bank of China had a return on equity of 7.88% and a net margin of 20.44%.

Bank of China Stock Performance

Shares of OTCMKTS:BACHY traded down $0.01 during mid-day trading on Friday, hitting $19.57. The stock had a trading volume of 34,257 shares, compared to its average volume of 50,477. The company’s 50 day moving average is $18.94 and its 200-day moving average is $16.64. Bank of China has a 12-month low of $13.80 and a 12-month high of $20.01. The company has a market cap of $252.23 billion, a PE ratio of 7.50 and a beta of 0.07.

Bank of China Company Profile

Bank of China Limited is a major Chinese commercial bank headquartered in Beijing. Established in 1912, it is one of the country’s oldest banks and is among China’s large state-owned commercial banking institutions. The bank provides financial services to individuals, businesses, government entities and institutional clients.

Its principal activities include corporate banking, personal banking, financial markets, wealth management and investment banking. Products and services include deposits, loans, payment and settlement services, trade finance, foreign-exchange services, credit cards, mortgages and other consumer financial products.