- Citic Bank’s preliminary full-year net income increased by 2.33%.
- The bank reported a preliminary net income of 68.58 billion yuan.
- The preliminary non-performing loans ratio was noted at 1.16%.
- Analysts had estimated a slightly lower non-performing loans ratio of 1.11%.
- Analyst ratings show 13 buy recommendations, 3 hold recommendations, and no sell recommendations for Citic Bank.
A look at China Citic Bank Corp 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
China Citic Bank Corp Ltd H, a banking company that provides a range of financial services, has received positive Smart Scores across key factors. With top scores in Value and Dividends, the company is positioned well for long-term success. This indicates that the company offers good value for investors and has a strong track record of paying dividends.
Additionally, the high Momentum score suggests that China Citic Bank Corp Ltd H is experiencing strong positive price trends, while the Growth score indicates promising growth potential. However, the lower Resilience score may point to some areas of vulnerability. Overall, with an overall positive outlook based on the Smart Scores, China Citic Bank Corp Ltd H seems to be a solid choice for investors seeking value and dividends in the banking sector.
Summary: China CITIC Bank Corporation Limited offers a variety of banking services including deposits, loans, currency trading, and other financial solutions. Serving individuals, enterprises, and other clients, the company is well-regarded for its value, dividend payouts, and growth potential according to Smartkarma Smart Scores.
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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