- Chongqing Rural Bank reported a net income of 7.70 billion yuan for the first half of the year.
- The bank’s net interest income amounted to 11.74 billion yuan.
- Chongqing Rural Bank maintained a net interest margin of 1.6%.
- The ratio of non-performing loans was recorded at 1.17%.
- Impairment losses on assets were reported to be 1.78 billion yuan.
- The stock has received 10 buy recommendations, 0 hold recommendations, and 1 sell recommendation.
Chongqing Rural Commercial Bank on Smartkarma
Analyst coverage of Chongqing Rural Commercial Bank on Smartkarma includes an insight provided by David Blennerhassett titled “Chinese RCBs: Two Bailouts. How Many More At Risk?“. In this research report, Blennerhassett takes a bearish stance, highlighting the recent rescue offers for Jilin Bank and Bank of Jinzhou. While acknowledging the complexity of individual bank situations, the analyst expresses caution towards exposure in this sector. Blennerhassett’s analysis suggests potential systemic issues beyond isolated incidents, urging a closer examination of the sector’s challenges.
A look at Chongqing Rural Commercial Bank 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
Chongqing Rural Commercial Bank Co.,Ltd. is poised for a bright future according to Smartkarma Smart Scores. With top marks in Value and Dividend, the company shows strong fundamentals and a commitment to rewarding its investors. Additionally, scoring well in Growth and Momentum, there is potential for continued success and market performance. While Resilience scored slightly lower, the overall outlook for Chongqing Rural Commercial Bank remains positive as it continues to provide a wide range of banking and financial services to both individuals and businesses.
Chongqing Rural Commercial Bank Co.,Ltd. stands out in the banking sector with its solid financial standing and commitment to growth. With impressive scores in key areas, investors can look forward to potential value appreciation and consistent dividend payments. As the company offers various banking services such as deposits, loans, and insurance, it serves as a reliable financial partner for its customers. With a focus on delivering quality services, Chongqing Rural Commercial Bank is well-positioned to seize opportunities for further growth and success in the long term.
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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