Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) rose 0.6% during trading on Tuesday . The company traded as high as $15.07 and last traded at $14.80. Approximately 69,525 shares were traded during trading, an increase of 49% from the average daily volume of 46,633 shares. The stock had previously closed at $14.71.
Industrial & Commercial Bank of China Ltd. Trading Up 0.6%
The business's fifty day moving average price is $15.24 and its 200 day moving average price is $14.76. The firm has a market capitalization of $263.74 billion, a PE ratio of 5.50 and a beta of 0.21. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.89.
Industrial & Commercial Bank of China Ltd. (OTCMKTS:IDCBY - Get Free Report) last released its earnings results on Friday, August 29th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.04). Industrial & Commercial Bank of China Ltd. had a net margin of 23.66% and a return on equity of 9.11%. The company had revenue of $27.44 billion during the quarter, compared to analysts' expectations of $196.94 billion.
Industrial & Commercial Bank of China Ltd. Increases Dividend
The business also recently announced a dividend, which was paid on Friday, September 5th. Investors of record on Friday, July 4th were issued a $0.3506 dividend. The ex-dividend date was Thursday, July 3rd. This is a positive change from Industrial & Commercial Bank of China Ltd.'s previous dividend of $0.30. This represents a yield of 417.0%. Industrial & Commercial Bank of China Ltd.'s payout ratio is presently 26.39%.
About Industrial & Commercial Bank of China Ltd.
(
Get Free Report)
Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Industrial & Commercial Bank of China Ltd., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Industrial & Commercial Bank of China Ltd. wasn't on the list.
While Industrial & Commercial Bank of China Ltd. currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
