Should I buy or sell Industrial and Commercial Bank of China stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Industrial and Commercial Bank of China in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" IDCBY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IDCBY, but not buy additional shares or sell existing shares. View IDCBY analyst ratings or view top-rated stocks .

How have IDCBY shares performed in 2024?

Industrial and Commercial Bank of China's stock was trading at $9.72 at the beginning of the year. Since then, IDCBY stock has increased by 7.3% and is now trading at $10.43. View the best growth stocks for 2024 here .

Are investors shorting Industrial and Commercial Bank of China?

Industrial and Commercial Bank of China saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 84,900 shares, an increase of 130.7% from the March 15th total of 36,800 shares. Based on an average daily volume of 127,100 shares, the days-to-cover ratio is presently 0.7 days. View Industrial and Commercial Bank of China's Short Interest .

How often does Industrial and Commercial Bank of China pay dividends? What is the dividend yield for Industrial and Commercial Bank of China?

Industrial and Commercial Bank of China announced a dividend on Monday, June 26th. Stockholders of record on Friday, July 7th will be paid a dividend of $0.7104 per share on Friday, September 1st. The ex-dividend date is Thursday, July 6th. Read our dividend analysis for IDCBY .

Is Industrial and Commercial Bank of China a good dividend stock?

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) pays an annual dividend of $0.71 per share and currently has a dividend yield of 6.98%. IDCBY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 25.54%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for IDCBY .

What ETF holds Industrial and Commercial Bank of China's stock?

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF holds 1,634,000 shares of IDCBY stock, representing 0.86% of its portfolio.

How do I buy shares of Industrial and Commercial Bank of China?

Shares of IDCBY 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 .

OTCMKTS:IDCBY

Industrial and Commercial Bank of China (IDCBY) Stock Price, News & Analysis

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$10.43

+0.26 (+2.56%)

(As of 04/18/2024 ET)

Compare

Today's Range: $10.13
▼
$10.47
50-Day Range: $9.71
▼
$10.53
52-Week Range: $8.50
▼
$11.90

Volume: 64,171 shs
Average Volume: 73,597 shs
Market Capitalization: $185.87 billion

P/E Ratio: 3.75
Dividend Yield: 6.81%
Price Target: N/A

Stock Analysis Analyst Forecasts Chart Dividend Earnings Financials Headlines SEC Filings Short Interest

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About Industrial and Commercial Bank of China Stock (OTCMKTS:IDCBY)

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. Its products and services include trade financing, deposit, corporate wealth management, custody, and various corporate intermediary services, as well as corporate loans. Its Personal Banking segment provides financial products and services to individual customers. This segment's products and services comprise personal loans and cards, deposits, and personal wealth management and intermediary services. The Treasury Business segment is involved in the money market transactions, investment securities, and proprietary and foreign exchange transactions businesses. It also offers e-banking services, investment banking, financial leasing, and insurance services. Industrial and Commercial Bank of China Limited was incorporated in 1984 and is based in Beijing, the People's Republic of China.

IDCBY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

IDCBY Stock News Headlines

April 16, 2024 | finance.yahoo.com

Fitch Ratings Downgrades Outlook for Chinese State-Owned Banks

April 14, 2024 | msn.com

China’s banks withdraw some long-term fixed-income products, cut deposit rates to boost margins

April 18, 2024 | The Bull Report (Ad)

Healthcare Takes A Big Step Forward With The Help Of AI

The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.

April 9, 2024 | finance.yahoo.com

China’s ICBC Plans $5.5 Billion Sale of Loss-Absorbing Bonds

March 28, 2024 | msn.com

Industrial and Commercial Bank of China reports FY results

March 22, 2024 | fool.com

Industrial And Commercial Bank Of China (OTC: IDCBF)

March 15, 2024 | reuters.com

Exclusive: India cenbank widens scrutiny of credit 'exuberance', sources say

February 24, 2024 | msn.com

Industrial and Commercial Bank of China Limited - Depositary Receipt () (IDCBY) Price Target Increased by 14.13% to 10.54

April 18, 2024 | The Bull Report (Ad)

Healthcare Takes A Big Step Forward With The Help Of AI

The average doctor can diagnose an illness correctly 50-90% of the time. But one innovative company's medical AI gets it right 92%+.

February 21, 2024 | uk.investing.com

Industrial Commercial Bank of China (IDCBY)

February 8, 2024 | finance.yahoo.com

This Little-Known Chinese Billionaire Went From Working In The Coal Mines To Being One Of The Most Powerful Bankers In The World, Commanding $3.5 Trillion In Assets

February 1, 2024 | money.usnews.com

Central Bank Digital Currency (CBDC) Definition

January 19, 2024 | finance.yahoo.com

ICBC Fined $32 Million by New York’s Financial Regulator and Fed for Compliance Failures

January 19, 2024 | finance.yahoo.com

ICBC to pay $32.4 million to US regulators over AML lapses, supervisory information disclosure

January 9, 2024 | finance.yahoo.com

China Orders Banks, Insurers to Review Cyber and Data Security

January 4, 2024 | finance.yahoo.com

Trump’s Businesses Got Millions From Foreign Governments While He Was President

January 4, 2024 | finance.yahoo.com

China, Saudi Arabia Top List of Foreign Governments That Spent Millions at Trump Properties During His Presidency

December 21, 2023 | finance.yahoo.com

China’s Big Banks Cut Deposit Rates as Growth Plateaus

November 26, 2023 | finance.yahoo.com

ICBC’s Entree Onto Wall Street Looked Like a Bargain—Until Hackers Crippled Its U.S. Unit

November 20, 2023 | finance.yahoo.com

20 Most Valuable Asian Companies Heading into 2024

November 19, 2023 | finance.yahoo.com

How a Hack Shook Wall Street’s Multitrillion-Dollar Foundations

November 15, 2023 | finance.yahoo.com

Barclays flags Treasuries central clearing cybersecurity risks after ICBC hack

November 15, 2023 | finance.yahoo.com

Cyber attack shines light on role of China’s largest lender in US Treasury market

November 14, 2023 | msn.com

World's Largest Bank Industrial and Commercial Bank of China's Ransomware Attack: US Authorities Flagged Hacker Methods In March

November 13, 2023 | finance.yahoo.com

ICBC paid ransom after hack that disrupted markets, cybercriminals say

November 13, 2023 | finance.yahoo.com

UPDATE 1-ICBC paid ransom after hack that disrupted markets, cybercriminals say

November 13, 2023 | finance.yahoo.com

In the Market: Inside Wall Street's scramble after ICBC hack

See More Headlines

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Company Calendar

Today: 4/18/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Finance
Industry: National commercial banks
Sub-Industry: N/A
Current Symbol: OTCMKTS:IDCBY
CUSIP: N/A
CIK: 1445468
Web: www.icbc-ltd.com
Phone: 86-10-6610-6114
Fax: N/A
Employees: 427,587
Year Founded: 1984

Profitability

EPS (Most Recent Fiscal Year): $2.78
Trailing P/E Ratio: 3.75
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $53.57 billion
Net Margins: 23.98%
Pretax Margin: N/A
Return on Equity: 9.96%
Return on Assets: 0.84%

Debt

Debt-to-Equity Ratio: 1.26
Current Ratio: 0.91
Quick Ratio: 0.91

Sales & Book Value

Annual Sales: $209.49 billion
Price / Sales: 0.89
Cash Flow: $3.39 per share
Price / Cash Flow: 3.08
Book Value: $29.30 per share
Price / Book: 0.36

Miscellaneous

Outstanding Shares: 17,820,310,000
Free Float: N/A
Market Cap: $185.87 billion
Optionable: Not Optionable
Beta: 0.18

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Key Executives

Mr. Lin Liao (Age 58)
President & Executive Chairman
Comp: $120.19k
Mr. Wenwu Zhang (Age 51)
Senior EVP & Executive Director
Comp: $110.13k
Mr. Jingwu Wang (Age 58)
Senior Executive VP, Chief Risk Officer & Executive Director
Comp: $110.13k
Ms. Yan Xiong (Age 60)
Chief Business Officer
Comp: $180.44k
Mr. Jianhua Song (Age 59)
Chief Business Officer
Comp: $179.61k
Mr. Weiwu Zhang (Age 49)
Senior Executive Vice President
Comp: $110.13k
Dr. Xueqing Guan (Age 61)
Board Secretary & Company Secretary
Comp: $189.13k
Mr. Zou Xin
General Manager of Corporate Strategy & Investor Relations
Mr. Li Huang (Age 60)
Head of Beijing Branch & Employee Supervisor
Mr. Hongtao Duan (Age 55)
Senior Executive Vice President

Key Competitors

View All Competitors

Should I Buy Industrial and Commercial Bank of China Stock? IDCBY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Industrial and Commercial Bank of China Limited:

The current stock price of Industrial and Commercial Bank of China Limited is at an attractive level, providing a potential entry point for investors.
The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments, offering diversified revenue streams.
Industrial and Commercial Bank of China Limited has a strong market capitalization of $179.09 billion, indicating stability and size in the market.
The firm's low price-to-earnings ratio of 3.62 suggests that the stock may be undervalued, presenting a value investment opportunity.
With a debt-to-equity ratio of 1.26 and healthy quick and current ratios, the company shows good financial health and stability.

Cons

Investors should be bearish about investing in Industrial and Commercial Bank of China Limited for these reasons:

Despite the recent decrease in short interest, there may still be lingering concerns or uncertainties affecting the stock.
The company's beta of 0.18 indicates lower volatility compared to the market, potentially limiting short-term trading opportunities for investors seeking high returns.
Industrial and Commercial Bank of China Limited's 12 month high of $11.90 may suggest limited upside potential in the near term.
Investing in national commercial banks like Industrial and Commercial Bank of China Limited may be subject to regulatory risks and changes in government policies.
While the company offers a range of banking products and services, competition in the banking industry can impact profitability and market share.

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 Wednesday, April 10, 2024. Please send any questions or comments about these Industrial and Commercial Bank of China pros and cons to contact@marketbeat.com.

IDCBY Stock Analysis - Frequently Asked Questions

Should I buy or sell Industrial and Commercial Bank of China stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Industrial and Commercial Bank of China in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" IDCBY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IDCBY, but not buy additional shares or sell existing shares.
View IDCBY analyst ratings or view top-rated stocks.
How have IDCBY shares performed in 2024?: Industrial and Commercial Bank of China's stock was trading at $9.72 at the beginning of the year. Since then, IDCBY stock has increased by 7.3% and is now trading at $10.43.
View the best growth stocks for 2024 here.
Are investors shorting Industrial and Commercial Bank of China?: Industrial and Commercial Bank of China saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 84,900 shares, an increase of 130.7% from the March 15th total of 36,800 shares. Based on an average daily volume of 127,100 shares, the days-to-cover ratio is presently 0.7 days.
View Industrial and Commercial Bank of China's Short Interest.
How often does Industrial and Commercial Bank of China pay dividends? What is the dividend yield for Industrial and Commercial Bank of China?: Industrial and Commercial Bank of China announced a dividend on Monday, June 26th. Stockholders of record on Friday, July 7th will be paid a dividend of $0.7104 per share on Friday, September 1st. The ex-dividend date is Thursday, July 6th.
Read our dividend analysis for IDCBY.

Is Industrial and Commercial Bank of China a good dividend stock?: Industrial and Commercial Bank of China (OTCMKTS:IDCBY) pays an annual dividend of $0.71 per share and currently has a dividend yield of 6.98%. IDCBY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 25.54%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IDCBY.
What ETF holds Industrial and Commercial Bank of China's stock?: PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF holds 1,634,000 shares of IDCBY stock, representing 0.86% of its portfolio.
How do I buy shares of Industrial and Commercial Bank of China?: Shares of IDCBY 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.

This page (OTCMKTS:IDCBY) was last updated on 4/18/2024 by MarketBeat.com Staff

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Industrial and Commercial Bank of China (IDCBY) Stock Price, News & Analysis

About Industrial and Commercial Bank of China Stock (OTCMKTS:IDCBY)

IDCBY Stock Price History

IDCBY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Should I Buy Industrial and Commercial Bank of China Stock? IDCBY Pros and Cons Explained

Pros

Cons

IDCBY Stock Analysis - Frequently Asked Questions

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