Bank of China (OTCMKTS:BACHY) Issues Earnings Results, Hits Expectations

Bank of China (OTCMKTS:BACHY) announced its quarterly earnings results on Monday. The bank reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67, Zacks reports. Bank of China had a return on equity of 7.81% and a net margin of 19.65%.The business had revenue of $23.66 billion during the quarter, compared to the consensus estimate of $20.13 billion.

Bank of China Price Performance

Shares of BACHY opened at $15.82 on Tuesday. The company’s 50-day moving average is $14.73 and its 200-day moving average is $14.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $203.90 billion, a PE ratio of 6.16 and a beta of 0.13. Bank of China has a fifty-two week low of $12.69 and a fifty-two week high of $15.82.

Bank of China Company Profile

Bank of China (OTCMKTS: BACHY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services to corporate, institutional and retail clients. Founded in 1912, the bank has grown into one of China’s largest and longest-established banking institutions and is commonly grouped with the nation’s “Big Four” banks. Its core activities include deposit-taking, corporate and retail lending, trade finance, foreign exchange and treasury services, as well as cash management and payment services for domestic and cross-border clients.

In addition to traditional commercial banking, Bank of China offers investment banking and capital markets services, structured finance, asset management and wealth management solutions.