Industrial & Commercial Bank of China Ltd. (IDCBY) to Release Earnings on Tuesday

Key Points

• Industrial & Commercial Bank of China Ltd. will report results before the market opens on Tuesday, March 31, with analysts expecting EPS of $0.7520 and revenue of $26.5255 billion.
• Shares opened at $16.38 with a 50-day/200-day SMA of $16.32/$15.86 and a one-year range of $12.38–$17.02; the stock has a market capitalization of $291.90 billion and a P/E of 5.98.
• ICBC is a state-owned, Beijing-headquartered bank and one of the world's largest by assets, offering diversified corporate, retail and investment banking services.

Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) is expected to be announcing its results before the market opens on Tuesday, March 31st. Analysts expect the company to announce earnings of $0.7520 per share and revenue of $26.5255 billion for the quarter.

Industrial & Commercial Bank of China Ltd. Stock Performance

Shares of Industrial & Commercial Bank of China Ltd. stock opened at $16.38 on Tuesday. The business has a 50-day simple moving average of $16.32 and a 200 day simple moving average of $15.86. Industrial & Commercial Bank of China Ltd. has a one year low of $12.38 and a one year high of $17.02. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $291.90 billion, a price-to-earnings ratio of 5.98 and a beta of 0.14.

About Industrial & Commercial Bank of China Ltd.

Industrial & Commercial Bank of China Ltd. (ICBC) is a state-owned commercial bank headquartered in Beijing. Founded in 1984, ICBC has grown into one of the world's largest banking institutions by total assets, operating a diversified financial services business that serves corporate, institutional and retail clients. The bank provides deposit-taking and lending, trade and transaction banking, treasury and markets services, as well as a range of payment and settlement solutions.

ICBC's product and service offerings span corporate banking, retail banking, and investment banking, including corporate loans, supply‑chain and trade finance, cash management, credit and debit cards, mortgages and consumer finance, wealth-management products, custody and asset-management services.

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