Industrial and Commercial Bank of China (1398)
4.12 HKD +0.02 (+0.49%) Volume: 227.69M
Industrial and Commercial Bank of China’s stock price is on the rise, currently valued at 4.12 HKD, marking a positive change of +0.49% this trading session. With a robust trading volume of 227.69M and a year-to-date increase of +7.85%, ICBC (1398) is showing strong performance in the market, making it a potential focus for investors looking at banking and financial stocks.
Latest developments on Industrial and Commercial Bank of China
“ICBC (H) reports a significant boost in stock prices today, following a series of strategic moves. These include the recent implementation of digital transformation plans, expansion of overseas operations, and successful debt issuance. The bank’s relentless focus on risk management and consistent dividend payouts have also been pivotal in driving investor confidence and share price growth. This surge underscores ICBC (H)‘s robust financial performance amid challenging market conditions.”
A look at Industrial and Commercial Bank of China Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
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, ICBC (H) shows a promising long-term outlook. With high scores in Dividend and Momentum, the company is positioned well for growth and stability. The Value and Growth scores also indicate positive indicators for the company’s future performance. Overall, ICBC (H) demonstrates resilience in the market, making it a strong contender in the banking sector.
Industrial and Commercial Bank of China Limited, known for providing a range of banking services, has received favorable Smart Scores in key areas. The company’s high Dividend and Momentum scores suggest a strong performance and potential for continued success. With a solid foundation in deposits, loans, and other financial services, ICBC (H) caters to a diverse clientele, including individuals and enterprises. The company’s positive outlook is reinforced by its high scores in Value, Growth, and Resilience, positioning it as a reliable player in the banking industry.
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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