- The Industrial and Commercial Bank of China (ICBC) reported a net interest income of 313.58 billion yuan for the first half of the year, aligning closely with the estimated 313.96 billion yuan.
- ICBC’s net income for the same period totaled 168.10 billion yuan.
- The net fee and commission income was slightly below expectations at 67.02 billion yuan, compared to the estimated 67.48 billion yuan.
- Analyst recommendations for ICBC include 21 buys, 1 hold, and no sell ratings.
A look at Ind & Comm Bk Of China (A) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 4.0 |
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
Based on the Smartkarma Smart Scores for Industrial and Commercial Bank of China (A), the company demonstrates exceptional performance in terms of value and dividend, scoring the highest possible score for both factors. This indicates strong fundamentals and a potential for solid returns for investors. Additionally, the company also scores well in growth, showcasing a promising outlook for future expansion.
However, Industrial and Commercial Bank of China (A) shows slightly lower scores in resilience and momentum. This suggests that while the company may face some challenges in terms of volatility and market sentiment, its overall long-term outlook remains positive due to its strong value, dividend, and growth metrics.
Summary: Industrial and Commercial Bank of China Ltd offers a wide range of personal and corporate banking services across China, including deposits, loans, credit cards, and foreign currency transactions. With top scores in value and dividend, the company presents a solid investment opportunity with potential for growth.
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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