Bank of China (OTCMKTS:BACHY – Get Free Report) announced its quarterly earnings results on Friday. The bank reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.01), Zacks reports. Bank of China had a return on equity of 7.88% and a net margin of 20.44%.
Bank of China Price Performance
BACHY traded down $0.01 during trading on Friday, hitting $19.57. 34,257 shares of the stock traded hands, compared to its average volume of 50,477. The firm has a 50-day moving average of $18.94 and a 200 day moving average of $16.64. The firm has a market capitalization of $252.23 billion, a P/E ratio of 7.50 and a beta of 0.07. Bank of China has a 12-month low of $13.80 and a 12-month high of $20.01.
About Bank of China
Bank of China Limited is a major Chinese commercial bank headquartered in Beijing. Established in 1912, it is one of the country’s oldest banks and is among China’s large state-owned commercial banking institutions. The bank provides financial services to individuals, businesses, government entities and institutional clients.
Its principal activities include corporate banking, personal banking, financial markets, wealth management and investment banking. Products and services include deposits, loans, payment and settlement services, trade finance, foreign-exchange services, credit cards, mortgages and other consumer financial products.
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