- Bank of Jiangsu reported a net income of 10.34 billion yuan for the third quarter.
- For the first nine months of the year, the bank’s net income totaled 30.58 billion yuan.
- The bank’s non-performing loans ratio is at 0.84%, indicating a healthy loan portfolio.
- Net interest income for the period was 49.87 billion yuan, reflecting solid earnings from the bank’s lending activities.
- Analysts are optimistic about the bank’s performance with 20 buy recommendations and no holds or sells.
Bank of Jiangsu on Smartkarma
Analyst coverage of Bank of Jiangsu on Smartkarma has been highlighted by Brian Freitas in his research report titled “China A50 ETF Rebalance: One Set of Changes“. Freitas mentions that Bank of Jiangsu will replace Great Wall Motor in the ETFs, leading to potential trading activity between 0.4-0.6x ADV in the stocks. The unexpected nature of this change could result in short-term movements in the affected names, as noted by Freitas.
Freitas’ sentiment on this development leans towards a bearish outlook, indicating caution regarding the impacts of this repositioning within the ETFs. Investors following the iShares A50 China (2823 HK) and CSOP China A50 (HKD) (2822 HK) ETFs should take note of this rebalancing scheduled for 20th June, as the inclusion of Bank of Jiangsu and exclusion of Great Wall Motor may cause fluctuations in the market in the near term.
A look at Bank of Jiangsu Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.8 |
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 Jiangsu has been rated highly in terms of its value and dividend prospects, scoring a 5 out of 5 in both categories. This indicates that the company is considered to be fundamentally strong and is expected to provide good returns to investors through dividends. Additionally, the company has received a solid score of 4 for growth potential, suggesting that it is well-positioned for future expansion and development.
However, Bank of Jiangsu’s resilience and momentum scores are comparatively lower at 3 and 2 respectively. This could imply that while the company may face some challenges in maintaining stability in adverse market conditions, it may also struggle to sustain positive stock price trends in the near term. Overall, given its focus on deposits, loans, and various banking services, Bank of Jiangsu appears to have a promising long-term outlook, especially with its strong emphasis on value and dividends.
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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