- Bank of China’s full-year net income reached 237.84 billion yuan, surpassing expectations of 229.07 billion yuan, marking a 2.6% increase year-over-year.
- The net interest margin declined to 1.4% from 1.59% in the previous year, slightly below the anticipated 1.42%.
- Net fee and commission income decreased by 2.9% to 76.59 billion yuan, just under the forecast of 77.46 billion yuan.
- Net interest income fell by 3.8% to 448.93 billion yuan, failing to meet the estimated 456.08 billion yuan.
- The final dividend per share has been set at 12.16 RMB cents.
- Impairment losses on assets decreased by 3.6% to 102.72 billion yuan, better than the expected 111.49 billion yuan.
- The non-performing loans ratio improved to 1.25% from 1.27% in the previous year, though slightly above the expected 1.22%.
- The coverage ratio for non-performing loans rose to 200.6%, exceeding the estimate of 197.3%.
- In the fourth quarter, net income was recorded at 62.08 billion yuan.
- The stock has received 19 buy ratings, 1 hold rating, and 1 sell rating from analysts.
Bank Of China Ltd (H) on Smartkarma
Analyst coverage on Bank Of China Ltd (H) on Smartkarma is buzzing with excitement. Gaudenz Schneider, a renowned analyst on the platform, published a report titled “Bank Of China (3988 HK/601988 CH) Earnings on 26/3: Anticipated Price Movements and Options Insights“. In the report, Schneider highlights that Bank of China Ltd is set to reveal its 2024 financial results on March 26. The market is abuzz with anticipation as option implied movements are forecasted to surpass historical levels. Schneider delves into discussions around option strategies and unveils new semi-annual dividends, providing insights that investors are eager to digest.
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 growth according to Smartkarma Smart Scores. With top scores in Value and Dividend, the company is deemed strong in terms of its financial health and returns to investors. Additionally, its Momentum score reflects positive market sentiment and upward trends. However, the company shows some weakness in Resilience, indicating a degree of vulnerability to economic fluctuations. Overall, Bank of China Ltd (H) appears well-positioned to deliver value and dividends to investors in the foreseeable future.
Bank of China Ltd offers a wide range of financial services to customers globally, including retail banking, credit card services, investment banking, and fund management. The company’s consistent top scores in Value, Dividend, and Momentum reflect its solid performance and potential for growth. Despite a lower score in Resilience, indicating some susceptibility to market challenges, Bank of China Ltd (H) remains a strong player in the financial sector with promising long-term prospects.
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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