Bank of China (OTCMKTS:BACHY) Issues Earnings Results, Misses Estimates By $0.01 EPS

Bank of China (OTCMKTS:BACHY) issued its quarterly earnings data on Friday. The bank reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01), Zacks reports. The company had revenue of $25.47 billion for the quarter, compared to the consensus estimate of $25.47 billion. Bank of China had a return on equity of 7.88% and a net margin of 20.44%.

Bank of China Price Performance

Shares of OTCMKTS BACHY opened at $19.57 on Friday. The firm has a market capitalization of $252.23 billion, a PE ratio of 7.30 and a beta of 0.07. Bank of China has a 1-year low of $13.80 and a 1-year high of $20.01. The business’s fifty day moving average price is $18.99 and its two-hundred day moving average price is $16.67.

Bank of China Company Profile

Bank of China Limited is a major Chinese commercial bank headquartered in Beijing. Established in 1912, it is one of the country’s oldest banks and is among China’s large state-owned commercial banking institutions. The bank provides financial services to individuals, businesses, government entities and institutional clients.

Its principal activities include corporate banking, personal banking, financial markets, wealth management and investment banking. Products and services include deposits, loans, payment and settlement services, trade finance, foreign-exchange services, credit cards, mortgages and other consumer financial products.