China Construction Bank (OTCMKTS:CICHY) Shares Gap Up – Here’s What Happened

China Construction Bank Corp. (OTCMKTS:CICHY) gapped up before the market opened on Monday . The stock had previously closed at $21.16, but opened at $22.09. China Construction Bank shares last traded at $22.00, with a volume of 2,894 shares.

China Construction Bank Trading Up 4.0%

The firm has a market cap of $287.96 billion, a PE ratio of 6.02 and a beta of 0.12. The business has a fifty day moving average price of $21.68 and a 200 day moving average price of $21.09.

China Construction Bank (OTCMKTS:CICHY) last issued its earnings results on Wednesday, April 29th. The company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). The business had revenue of $30.21 billion for the quarter, compared to analyst estimates of $29.64 billion. China Construction Bank had a return on equity of 9.70% and a net margin of 26.72%. On average, research analysts expect that China Construction Bank Corp. will post 3.98 earnings per share for the current fiscal year.

China Construction Bank Company Profile

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.