- Bank of Jiangsu’s net income for the fiscal year is 31.84 billion yuan, closely aligning with the estimate of 31.59 billion yuan.
- The bank’s non-performing loans ratio is at 0.89%, precisely matching the estimated figure.
- Its core tier 1 capital ratio is slightly higher than the estimate, reported at 9.12% compared to the anticipated 9.09%.
- The provision coverage ratio stands at 350.1%, which is somewhat lower than the expected 357.1%.
- The analyst sentiment is overwhelmingly positive, with 22 buy ratings, no hold or sell ratings.
A look at Bank of Jiangsu Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| 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 Jiangsu, a commercial bank, displays a promising long-term outlook based on its Smartkarma Smart Scores. With top scores in Value and Dividend, as well as solid scores in Growth and Momentum, the company seems well-positioned for growth and financial stability. Although the Resilience score is slightly lower, Bank of Jiangsu’s overall ratings suggest a positive outlook for the future.
In summary, Bank of Jiangsu is a commercial bank that offers a variety of banking services, including deposits, loans, wealth management, and internet finance businesses. With strong scores in key areas like Value and Dividend, the company appears to have a bright long-term outlook, supported by its solid performance across different metrics.
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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