Bank of Communications (OTCMKTS:BCMXY) Announces Earnings Results, Beats Expectations By $0.07 EPS

Bank of Communications (OTCMKTS:BCMXY) posted its earnings results on Friday. The bank reported $1.00 EPS for the quarter, topping the consensus estimate of $0.93 by $0.07, Zacks reports. Bank of Communications had a net margin of 19.23% and a return on equity of 7.91%.

Bank of Communications Price Performance

Shares of OTCMKTS:BCMXY remained flat at $24.64 on Friday. The company’s stock had a trading volume of 277 shares, compared to its average volume of 33. Bank of Communications has a 12 month low of $19.89 and a 12 month high of $27.35. The company has a fifty day moving average of $25.35 and a 200-day moving average of $22.63. The stock has a market cap of $73.19 billion, a PE ratio of 6.83 and a beta of -0.04.

About Bank of Communications

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.