- Bank of China’s net income for the fiscal year was 237.84 billion yuan, surpassing the estimated 229.07 billion yuan.
- The bank’s net interest margin was slightly below expectations at 1.4%, compared to an estimated 1.42%.
- Net fee and commission income reached 76.59 billion yuan, slightly below the estimated 77.46 billion yuan.
- Net interest income came in at 448.93 billion yuan, under the estimate of 456.08 billion yuan.
- The final dividend per share was 24.24 RMB cents, marginally less than the estimated 24.50 RMB cents.
- Impairment losses on assets were lower than expected, at 102.72 billion yuan, against a forecast of 111.49 billion yuan.
- The non-performing loans ratio stood at 1.25%, compared to an estimate of 1.22%.
- For the fourth quarter, Bank of China’s net income was 62.08 billion yuan.
- Analyst recommendations include 19 buys, 1 hold, and 1 sell.
Bank Of China Ltd (H) on Smartkarma
Analyst coverage on Bank Of China Ltd (H) on Smartkarma has been bullish, with Gaudenz Schneider providing insights on the upcoming earnings release. In their report titled “Bank Of China (3988 HK/601988 CH) Earnings on 26/3: Anticipated Price Movements and Options Insights,” Schneider discusses that Bank of China Ltd is set to report its 2024 financial results on March 26. The option implied movement is higher than historical levels, indicating potential positive price movements. The report also delves into option strategies and the announcement of new semi-annual dividends.
A look at Bank Of China Ltd (H) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| 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
Bank of China Ltd (H) is positioned favorably for long-term success based on the Smartkarma Smart Scores. With top scores in both Value and Dividend, the company demonstrates strong fundamentals and a commitment to rewarding shareholders. Additionally, a solid Growth score indicates potential for expansion and development opportunities in the future. While Resilience scored lower, the Momentum of 5 suggests strong positive market sentiment and upward movement in the stock price. Overall, Bank of China Ltd (H) presents a promising outlook for investors seeking a stable and potentially lucrative investment option in the banking sector.
Bank of China Ltd offers a comprehensive suite of financial services catering to a wide range of individual and corporate clients globally. Its offerings include retail banking, credit and debit card services, consumer credit, foreign currency transactions, as well as corporate banking, investment banking, settlement, clearing, and fund management services. With a solid foundation in value, dividends, growth potential, and market momentum, Bank of China Ltd (H) emerges as a robust player in the financial landscape, poised for sustained growth and profitability in the long run.
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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