Industrial and Commercial Bank of China (1398)
5.29 HKD -0.05 (-0.94%) Volume: 79.44M
Industrial and Commercial Bank of China’s stock price stands at 5.29 HKD, witnessing a slight dip of -0.94% in the latest trading session with a trading volume of 79.44M, however, showcasing a positive YTD performance with a rise of +1.54%, reflecting its resilient market position amidst fluctuating trends.
Latest developments on Industrial and Commercial Bank of China
ICBC (H) stock price experienced a significant drop today following reports of a decrease in net profit for the previous quarter. The bank’s earnings were impacted by a combination of factors including a rise in non-performing loans and a decrease in interest income. Investors were also concerned about the ongoing trade tensions between the US and China, which could potentially affect ICBC (H)‘s international operations. Despite these challenges, analysts remain optimistic about the long-term prospects of the company, citing its strong market position and robust financial performance in the past.
Industrial and Commercial Bank of China on Smartkarma
Analyst coverage of ICBC (H) on Smartkarma 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 with heavy put trading in the financial sector, particularly with ICBC. This has pushed 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 bullish, highlighting dominant call volumes and the Put/Call ratio at its 3rd lowest level since early November. The reports provide insights into the trading activities surrounding ICBC (H) in the options market.
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
According to Smartkarma Smart Scores, Industrial and Commercial Bank of China (ICBC) (H) is showing a positive long-term outlook. With high scores in Dividend and Momentum, the company is poised to provide strong returns to investors while maintaining stability. Additionally, ICBC (H) scores well in Value and Growth, indicating that it is a solid investment choice for those looking for long-term growth potential.
Despite scoring slightly lower in Resilience, ICBC (H) remains a reliable option in the banking sector. As a provider of banking services to individuals, enterprises, and other clients, the company’s overall outlook is promising. Investors can have confidence in ICBC (H) based on its strong Smartkarma Smart Scores across various factors, making it a favorable choice for those seeking a stable and profitable investment in the banking industry.
Summary: Industrial and Commercial Bank of China Limited provides banking services. The Company offers deposits, loans, fund underwriting, foreign currency settlement, and other services. Industrial and Commercial Bank of China provides its services to individuals, enterprises, and other clients.
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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