Bank of Communications (OTCMKTS:BCMXY) Announces Earnings Results, Misses Estimates By $0.03 EPS

Bank of Communications (OTCMKTS:BCMXY) issued its quarterly earnings results on Wednesday. The bank reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.03), Zacks reports. Bank of Communications had a return on equity of 7.67% and a net margin of 18.67%.

Bank of Communications Stock Performance

OTCMKTS:BCMXY remained flat at $22.00 on Wednesday. The company’s stock had a trading volume of 4 shares, compared to its average volume of 28. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.94 and a current ratio of 0.94. Bank of Communications has a 52 week low of $19.70 and a 52 week high of $25.00. The firm’s 50-day simple moving average is $21.14 and its 200-day simple moving average is $22.08. The firm has a market capitalization of $65.35 billion, a P/E ratio of 5.87 and a beta of -0.17.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Bank of Communications to a “hold” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Bank of Communications presently has a consensus rating of “Hold”.

About Bank of Communications

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.