China CITIC Bank (OTCMKTS:CHCJY) Issues Quarterly Earnings Results

Key Points

• EPS $1.04: China CITIC Bank reported quarterly earnings of $1.04 per share, with a net margin of 20.20% and a return on equity of 8.48%.
• Shares opened at $20.80 (12‑month range $14.17–$22.30); the bank has a market cap of $50.89 billion and trades at a low valuation of P/E 6.36.
• Analyst view: Zacks upgraded the stock to a "Hold" and MarketBeat's aggregated rating for CHCJY is also "Hold."

China CITIC Bank (OTCMKTS:CHCJY - Get Free Report) posted its earnings results on Tuesday. The company reported $1.04 earnings per share (EPS) for the quarter, Zacks reports. China CITIC Bank had a net margin of 20.20% and a return on equity of 8.48%.

China CITIC Bank Price Performance

CHCJY opened at $20.80 on Tuesday. China CITIC Bank has a twelve month low of $14.17 and a twelve month high of $22.30. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.82 and a current ratio of 0.82. The business has a 50 day moving average price of $19.79 and a 200 day moving average price of $18.94. The firm has a market cap of $50.89 billion, a P/E ratio of 6.36 and a beta of 0.29.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of China CITIC Bank to a "hold" rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, China CITIC Bank has an average rating of "Hold".

About China CITIC Bank

China CITIC Bank Co, Ltd., a subsidiary of CITIC Group, is a leading Chinese commercial bank headquartered in Beijing. Established in the late 1980s, the bank was among the first national joint-stock commercial banks approved by the Chinese government. It is quoted on the U.S. OTC Market under the symbol CHCJY.

The bank offers a wide range of financial services, including corporate and institutional banking, retail banking, treasury and financial markets services. Corporate clients can access lending solutions, trade finance, cash management and project financing, while retail customers can choose from deposit accounts, personal loans, credit cards, wealth management and digital banking platforms.

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