Bank of Communications Co., Ltd. (BKFCF)
| Previous close | 0.7156 |
| Open | 0.7100 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 0.7100 - 0.7100 |
| 52-week range | 0.5300 - 0.7200 |
| Volume | |
| Avg. volume | 2,662 |
| Market cap | 62.011B |
| Beta (5Y monthly) | 0.38 |
| PE ratio (TTM) | 4.44 |
| EPS (TTM) | 0.1600 |
| Earnings date | 26 Apr 2024 |
| Forward dividend & yield | 0.05 (7.32%) |
| Ex-dividend date | 02 Jul 2024 |
| 1y target est | N/A |
ReutersChina's Bank of Communications Q1 profit rises 1.44%
China's Bank of Communications Co Ltd (BoCom), reported a 1.44% rise in first-quarter net profit amid a slowing economy. BoCom, the first among five of the nation's biggest state banks reporting first-quarter results, booked a net profit of 24.99 billion yuan ($3.45 billion) in the three months ended March, up from 24.63 billion yuan in the same period last year, the bank said in a filing on Friday. China's lenders face shrinking profitability as they are urged to reduce interest rates on loans to help bolster flagging sectors as lending demand falls.
ReutersChina's Big Five lenders post shrinking margins, warn of property risks
Five of China's largest lenders have posted shrinking net interest margins (NIM), while warning of ongoing property sector risks. Amid a slowing economy, China's lenders are under pressure to reduce interest rates on the loans they make to bolster flagging sectors as demand for lending falls. On Thursday, China Construction Bank Corp (CCB), Bank of China (BoC) and Agricultural Bank of China (AgBank) all reported sliding margins - a key gauge of profitability - in their annual results.
CNN BusinessChina’s economic troubles are hurting global banks
HSBC posted a big drop in quarterly profit Wednesday after taking a $3 billion hit on its stake in China’s Bank of Communications (BoCom) and another charge related to exposure to the country’s troubled real estate industry.
