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OTCMKTS:CIHKY

China Merchants Bank (CIHKY) Stock Price, News & Analysis

$19.60
+0.54 (+2.83%)
(As of 09/19/2024 ET)

About China Merchants Bank Stock (OTCMKTS:CIHKY)

Key Stats

Today's Range
$19.29
$19.62
50-Day Range
$18.36
$22.58
52-Week Range
$15.57
$25.55
Volume
31,337 shs
Average Volume
55,833 shs
Market Capitalization
$99.94 billion
P/E Ratio
5.01
Dividend Yield
6.07%
Price Target
N/A
Consensus Rating
N/A

Company Overview

China Merchants Bank Co., Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels. The company also offers credit cards; insurance products; open-ended funds; discount and guarantees for commercial bills, redemption of commercial bills, and guaranteed discount for commercial acceptance bills; and financial consultation, debt financing underwriting, merger and acquisition financing, and equity financing and enterprise listing services. In addition, it provides forfeiting and risk participation, escrow, cross-border RMB clearing, and interbank services; and risk and financial management, cross-border RMB and oversea financing, international factoring and settlement, and trade finance services. Further, the company offers financial leasing and guarantee, investment and wealth management, forex option and gold trading, forex express trading, international, offshore and private banking, custody, pension, and electronic banking services. The company also operates in Hong Kong, New York, London, Singapore, Luxembourg, Sydney, and Taipei. China Merchants Bank Co., Ltd. was founded in 1987 and is headquartered in Shenzhen, China.

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CIHKY Stock News Headlines

China Merchants Bank Co. Ltd.
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CIHKY Stock Analysis - Frequently Asked Questions

China Merchants Bank's stock was trading at $17.37 at the beginning of 2024. Since then, CIHKY stock has increased by 12.8% and is now trading at $19.60.
View the best growth stocks for 2024 here
.

Shares of CIHKY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

Today
9/19/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
OTCMKTS:CIHKY
Employees
112,999
Year Founded
N/A

Profitability

Net Income
$20.74 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$70.40 billion
Cash Flow
$4.61 per share
Book Value
$27.30 per share

Miscellaneous

Outstanding Shares
5,098,969,000
Free Float
N/A
Market Cap
$99.94 billion
Optionable
Not Optionable
Beta
0.35
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Should I Buy China Merchants Bank Stock? CIHKY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 8, 2024. Please send any questions or comments about these China Merchants Bank pros and cons to contact@marketbeat.com.

China Merchants Bank
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in China Merchants Bank Co., Ltd.:

  • China Merchants Bank Co., Ltd. has shown a significant decrease in short interest, indicating positive market sentiment and potential price appreciation.
  • The company offers a diverse range of banking products and services, catering to various customer needs and potentially increasing revenue streams.
  • With a market capitalization of $106.06 billion, China Merchants Bank Co., Ltd. is a well-established and financially stable institution, providing a sense of security to investors.
  • China Merchants Bank Co., Ltd. has a low PE ratio of 5.29, suggesting that the stock may be undervalued compared to its earnings potential.
  • Trading at $20.80 per share on the current date, the stock price of China Merchants Bank Co., Ltd. is within a reasonable range, offering a potentially attractive entry point for investors.

China Merchants Bank
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in China Merchants Bank Co., Ltd. for these reasons:

  • China Merchants Bank Co., Ltd. operates in the nondepository credit institutions industry, which may be subject to regulatory changes and economic fluctuations, impacting the company's performance.

This page (OTCMKTS:CIHKY) was last updated on 9/19/2024 by MarketBeat.com Staff
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