Bank of Communications (BCMXY) Projected to Release Quarterly Earnings on Friday

Bank of Communications (OTCMKTS:BCMXY) is projected to post its results after the market closes on Friday, October 30th. Analysts expect the company to announce earnings of $0.9340 per share and revenue of $8.99 billion for the quarter.

Bank of Communications (OTCMKTS:BCMXY) last announced its earnings results on Friday, August 28th. The bank reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. The firm had revenue of $10.32 billion for the quarter, compared to analysts’ expectations of $10.32 billion. Bank of Communications had a return on equity of 7.91% and a net margin of 19.23%. On average, analysts expect Bank of Communications to post $4.22 EPS for the current fiscal year and $4.40 EPS for the next fiscal year.

Bank of Communications Price Performance

BCMXY opened at $25.40 on Thursday. The business has a 50 day moving average price of $25.35 and a two-hundred day moving average price of $22.62. The company has a market capitalization of $75.45 billion, a price-to-earnings ratio of 7.04 and a beta of -0.04. Bank of Communications has a 1-year low of $19.89 and a 1-year high of $27.35.

Bank of Communications Company Profile

Bank of Communications Co, Ltd. is a Chinese commercial bank headquartered in Shanghai. Established in 1908, it is one of China’s oldest banking institutions and has developed into a large, diversified financial services group serving individuals, businesses, government-related organizations and institutional clients.

The bank provides personal and corporate banking services, including deposits, loans, payments, settlement, credit cards and wealth management. Its broader offerings include investment banking, asset management, financial markets and treasury services, as well as financing and advisory solutions for corporate and institutional customers.

Bank of Communications serves customers through a nationwide branch and digital banking network in mainland China and maintains an international presence through operations and subsidiaries in markets that include Hong Kong and other overseas financial centers.