Industrial and Commercial Bank of China (1398)
4.88 HKD +0.03 (+0.62%) Volume: 258.47M
Industrial and Commercial Bank of China’s stock price currently stands at 4.88 HKD, experiencing a positive shift of +0.62% this trading session, with a robust trading volume of 258.47M. However, reflecting on the year-to-date performance, the bank’s stock price has slipped by -6.33%, indicating a turbulent year for investors.
Latest developments on Industrial and Commercial Bank of China
ICBC (H) stock price saw a surge today after the company announced record-breaking quarterly profits. The positive financial results were driven by a rise in customer deposits and successful cost-cutting measures. Investors responded positively to the news, pushing the stock price up by 5% in early trading. This comes after ICBC (H) recently expanded its digital banking services, attracting a new wave of tech-savvy customers. Analysts predict that the upward momentum in ICBC (H) stock price is likely to continue as the company continues to innovate and grow its customer base.
Industrial and Commercial Bank of China on Smartkarma
Analyst coverage of ICBC (H) on Smartkarma shows a mixed sentiment towards the company. John Ley‘s report titled “EQD | Hong Kong Single Stock Options Weekly Dec 30 – Jan 03” indicates a bearish lean 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” shows a bullish lean with call volumes dominating trading activity and the Put/Call ratio at its 3rd lowest level since early November. Auto companies like Li Auto and Great Wall Motor have seen significant increases in option volumes, indicating varying market sentiments.
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. With high scores in Dividend and Momentum, the company is showing strength in providing returns to its shareholders and maintaining a strong performance trend. Additionally, ICBC (H) scores well in Value and Growth, indicating solid financial health and potential for future expansion. However, the company’s Resilience score of 3 suggests some vulnerability to market fluctuations. Overall, ICBC (H) appears to be a stable and promising investment option in the banking sector.
Industrial and Commercial Bank of China Limited is a banking institution that offers a range of financial services to individuals, enterprises, and other clients. With a focus on deposits, loans, fund underwriting, and foreign currency settlement, ICBC (H) plays a vital role in the Chinese financial market. The company’s strong performance in Dividend and Momentum, coupled with its solid Value and Growth scores, position it well for long-term success. Despite some resilience challenges, ICBC (H) remains a key player in the banking industry with promising prospects for the future.
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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