China Construction Bank (OTCMKTS:CICHY – Get Free Report) announced its earnings results on Wednesday. The company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04), Zacks reports. China Construction Bank had a net margin of 26.72% and a return on equity of 9.70%. The business had revenue of $30.21 billion for the quarter, compared to analysts’ expectations of $29.64 billion.
China Construction Bank Stock Performance
Shares of CICHY stock traded up $0.06 during trading hours on Friday, reaching $22.64. 18,155 shares of the company traded hands, compared to its average volume of 81,848. China Construction Bank has a 12-month low of $16.30 and a 12-month high of $22.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $296.13 billion, a P/E ratio of 6.19 and a beta of 0.08. The firm has a 50-day moving average price of $21.15 and a 200 day moving average price of $20.52.
About China Construction Bank
China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.
CCB’s core business activities include corporate banking, personal banking and treasury operations.
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