Industrial and Commercial Bank of China (1398)
5.57 HKD -0.02 (-0.36%) Volume: 197.08M
Industrial and Commercial Bank of China’s stock price stands at 5.57 HKD, experiencing a slight dip of -0.36% this trading session, with a robust trading volume of 197.08M. Despite the marginal drop, its year-to-date performance boasts a positive change of +6.91%, indicating a promising trend for the 1398 stock.
Latest developments on Industrial and Commercial Bank of China
Today, ICBC (H) stock price saw significant movements following the announcement of their latest quarterly earnings report. Investors were pleased to see that the company exceeded expectations, reporting a strong increase in profits compared to the previous quarter. This positive news was further bolstered by the announcement of a new partnership with a major technology company to enhance their digital banking services. Additionally, market analysts have been closely monitoring the ongoing trade negotiations between the US and China, as any developments could have a direct impact on ICBC (H) stock price due to its strong presence in both markets. Overall, these key events have contributed to the fluctuations in ICBC (H) stock price today.
Industrial and Commercial Bank of China on Smartkarma
Analyst coverage of ICBC (H) on Smartkarma, an independent investment research network, shows contrasting views from top independent analysts. John Ley‘s report titled “EQD | Hong Kong Single Stock Options Weekly Dec 30 – Jan 03” indicates a bearish sentiment towards ICBC, with heavy put trading in the financial sector, particularly with ICBC. The report highlights a big increase in single stock put volumes, pushing the put call ratio over 1 for the first time since November. On the other hand, Ley’s report “EQD | Hong Kong Single Stock Options Weekly December 23 – 27” leans towards a bullish sentiment, noting that trading volumes in single stocks were dominated by call volumes, with the Put/Call ratio at its 3rd lowest level since early November.
A look at Industrial and Commercial Bank of China Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| 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 (H)) has a positive long-term outlook. The company scored high in Dividend and Momentum, indicating strong performance in these areas. With a solid Value and Growth score as well, ICBC (H) is positioned well for the future. However, its Resilience score is slightly lower, suggesting some potential vulnerabilities that may need to be addressed.
Industrial and Commercial Bank of China Limited is a banking company that provides a range of services including deposits, loans, fund underwriting, and foreign currency settlement. Serving individuals, enterprises, and other clients, ICBC (H) has demonstrated strength in its dividend payouts and momentum in the market. With a focus on value and growth, the company shows promise for continued success in the long term, despite some resilience challenges.
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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