China Merchants Bank (OTCMKTS:CIHKY) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded China Merchants Bank (OTCMKTS:CIHKY) to a "hold" rating in a report released on Thursday.
• The bank reported quarterly earnings of $0.90 EPS on $12.01 billion in revenue, with a return on equity of 12.1% and a net margin of 32.75%, and analysts project about 4.5 EPS for the current fiscal year.
• Shares opened down 1.1% at $32.12, trading within a 12‑month range of $26.56–$37.15, with a market cap of $162 billion and a low valuation of P/E 8.09.

China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) was upgraded by analysts at Zacks Research to a "hold" rating in a report released on Thursday,Zacks.com reports.

China Merchants Bank Stock Down 1.1%

China Merchants Bank stock opened at $32.12 on Thursday. China Merchants Bank has a twelve month low of $26.56 and a twelve month high of $37.15. The stock's fifty day simple moving average is $31.61 and its 200-day simple moving average is $31.95. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $162.00 billion, a P/E ratio of 8.09 and a beta of 0.27.

China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last posted its quarterly earnings data on Friday, March 27th. The company reported $0.90 earnings per share for the quarter. China Merchants Bank had a return on equity of 12.10% and a net margin of 32.75%.The business had revenue of $12.01 billion for the quarter. As a group, equities analysts expect that China Merchants Bank will post 4.5 earnings per share for the current fiscal year.

China Merchants Bank Company Profile

China Merchants Bank OTCMKTS: CIHKY is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.

The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management.

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