|Bid||5.560 x 0|
|Ask||5.570 x 0|
|Day's range||5.540 - 5.630|
|52-week range||5.320 - 7.640|
|PE ratio (TTM)||5.87|
|Forward dividend & yield||0.29 (5.28%)|
|1y target est||8.03|
Industrial & Commercial Bank of China Ltd. posted its fastest profit growth since September 2014 as margins and asset quality improved, but flagged challenging times ahead as the trade war with the U.S. intensifies. Net income at the world’s largest lender by assets rose 5.8 percent to 81.6 billion yuan ($11.9 billion) in the quarter ended June from a year earlier, according to an exchange filing Thursday, broadly in line with estimates. China’s five biggest banks have all reported profit growth of at least 5 percent for the latest quarter, and escaped the surge in bad loans that swamped smaller lenders.
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Sino Land, China Overseas Land & Investment, and Industrial and Commercial Bank of China have one big thing in common. They are on my list of the best dividend stocksRead More...
China’s biggest banks are set for a boost in valuations as analysts expect a strengthening economy will fuel loan demand and margins.
Estonian National Symphony Orchestra and Estonian National Male Choir Chairman and Executive Director of ICBC (Asia) Gao Ming (the fifth from left) and the ICBC (Asia) management team proposed a toast ...
Industrial & Commercial Bank of China Ltd. said it’s teaming up with the finance unit of Internet retailer JD.com Inc. to offer digital banking services.
China’s largest banks posted double-digit increases in lending income in the third quarter, validating some of the earnings optimism that has fueled a rally in their shares this year.