
Industrial and Commercial Bank of China (1398)
6.44 HKD -0.09 (-1.38%) Volume: 183.29M
Industrial and Commercial Bank of China’s stock price currently stands at 6.44 HKD, experiencing a slight decrease of -1.38% in this trading session with a trading volume of 183.29M. Despite today’s dip, the ICBC’s stock performance remains strong with a substantial YTD increase of +25.34%, signifying a promising investment opportunity in the banking sector.
Latest developments on Industrial and Commercial Bank of China
ICBC (H) stock price experienced a dip today following news of a driver being caught by Saanich police for speeding at 121 km/h in a 50 zone. This incident has raised concerns about road safety and potential impacts on insurance claims for the company. Investors are closely monitoring the situation as they assess the potential financial implications for ICBC (H) moving forward.
A look at Industrial and Commercial Bank of China Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Industrial and Commercial Bank of China Limited (ICBC) is positioned well for the long-term. With high scores in Dividend and Momentum, ICBC shows strength in providing dividends to shareholders and maintaining positive momentum in the market. Additionally, the company scores well in Value and Resilience, indicating good value for investors and a strong ability to weather economic downturns. While Growth scored slightly lower, ICBC’s overall outlook remains positive.
Industrial and Commercial Bank of China Limited is a banking institution that offers a range of services including deposits, loans, fund underwriting, and foreign currency settlement. Serving individuals, enterprises, and other clients, ICBC is a prominent player in the banking sector. With solid scores across key factors like Dividend and Momentum, the company’s long-term prospects appear favorable, reflecting its stability and growth potential in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars
