Bank of China (3988)
3.68 HKD -0.03 (-0.81%) Volume: 119.97M
Bank of China’s stock price currently stands at 3.68 HKD, experiencing a slight dip of -0.81% in today’s trading session with a trading volume of 119.97M, however, showcasing a robust YTD performance with a percentage increase of +23.49%, highlighting its potential for investors looking for strong and steady growth in the financial sector.
Latest developments on Bank of China
Today, the stock price of Bank Of China Ltd (H) saw movements influenced by key events in the banking sector. Postal Savings Bank of China announced an interim dividend, along with details for their 2024 EGM and preparations for the upcoming shareholder meeting. Additionally, Industrial and Commercial Bank of China Limited approved an interim dividend for 2024, to be paid out in January 2025. The positive news from the banking sector, paired with a soaring Hang Seng Index and rallying Chinese banks and insurers, contributed to the movement in Bank Of China Ltd (H) stock price today.
A look at Bank of China Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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
Bank Of China Ltd (H) is positioned well for the long-term with strong scores across multiple key factors. With a high score in Dividend and Value, the company offers attractive returns for investors while also being seen as undervalued. Additionally, its Growth and Momentum scores indicate potential for future expansion and positive market performance. However, its Resilience score is slightly lower, suggesting some vulnerability to economic downturns or market fluctuations. Overall, Bank Of China Ltd (H) presents a promising outlook for investors seeking a stable and profitable investment option.
Bank Of China Ltd provides a comprehensive range of financial services to a global customer base, offering retail banking, credit card services, investment banking, and more. With strong scores in Dividend, Value, Growth, and Momentum, the company is well-positioned for long-term success. While its Resilience score is not as high, indicating some level of risk, Bank Of China Ltd (H) remains a solid choice for investors looking for a reliable and potentially lucrative investment opportunity in the banking sector.
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.
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