Bank of Communications (OTCMKTS:BCMXY) Shares Gap Down – Here’s What Happened

Bank of Communications Co. (OTCMKTS:BCMXY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $25.00, but opened at $20.0235. Bank of Communications shares last traded at $20.0235, with a volume of 114 shares traded.

Bank of Communications Stock Performance

The business’s 50-day moving average is $23.71 and its 200-day moving average is $22.50. The company has a market capitalization of $63.35 billion, a PE ratio of 5.51 and a beta of -0.16.

Bank of Communications (OTCMKTS:BCMXY) last announced its quarterly earnings data on Thursday, October 30th. The bank reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.18). Bank of Communications had a return on equity of 7.70% and a net margin of 18.19%.The business had revenue of $9.38 billion during the quarter, compared to analysts’ expectations of $9.11 billion.

About Bank of Communications

Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.

The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.