Bank of Communications (BCMXY) Expected to Announce Quarterly Earnings on Friday

Key Points

• Bank of Communications is expected to report quarterly earnings after the market closes on Friday, October 30. Analysts forecast earnings of $0.934 per share on revenue of $8.99 billion.
• In its previous quarter, the bank reported $0.81 EPS and $10.32 billion in revenue, matching consensus estimates; it posted a 7.91% return on equity and a 19.23% net margin.
• The stock opened at $25.40, with a market capitalization of $75.45 billion, a P/E ratio of 7.04, and a 12-month trading range of $19.89 to $27.35.

Bank of Communications (OTCMKTS:BCMXY - Get Free Report) is expected to announce its results after the market closes on Friday, October 30th. Analysts expect the company to post earnings of $0.9340 per share and revenue of $8.99 billion for the quarter.

Bank of Communications (OTCMKTS:BCMXY - Get Free Report) last posted its quarterly earnings results on Friday, August 28th. The bank reported $0.81 earnings per share for the quarter, meeting analysts' consensus estimates of $0.81. Bank of Communications had a return on equity of 7.91% and a net margin of 19.23%. The company had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $10.32 billion. On average, analysts expect Bank of Communications to post $4.22 EPS for the current fiscal year and $4.40 EPS for the next fiscal year.

Bank of Communications Price Performance

OTCMKTS:BCMXY opened at $25.40 on Friday. Bank of Communications has a 12-month low of $19.89 and a 12-month high of $27.35. The stock's fifty day simple moving average is $25.29 and its 200-day simple moving average is $23.17. The firm has a market capitalization of $75.45 billion, a P/E ratio of 7.04 and a beta of -0.04.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. is a Chinese commercial bank headquartered in Shanghai. Established in 1908, it is one of China's oldest banking institutions and has developed into a large, diversified financial services group serving individuals, businesses, government-related organizations and institutional clients.

The bank provides personal and corporate banking services, including deposits, loans, payments, settlement, credit cards and wealth management. Its broader offerings include investment banking, asset management, financial markets and treasury services, as well as financing and advisory solutions for corporate and institutional customers.

Bank of Communications serves customers through a nationwide branch and digital banking network in mainland China and maintains an international presence through operations and subsidiaries in markets that include Hong Kong and other overseas financial centers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.