Shares of China Merchants Bank Co. (OTCMKTS:CIHKY – Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $28.22 and last traded at $28.55, with a volume of 4018 shares traded. The stock had previously closed at $29.94.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of China Merchants Bank to a “hold” rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Research Report on CIHKY
China Merchants Bank Trading Up 0.7%
China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.08 EPS for the quarter. China Merchants Bank had a net margin of 32.40% and a return on equity of 12.14%. The business had revenue of $12.44 billion for the quarter, compared to analysts’ expectations of $12.43 billion. As a group, analysts forecast that China Merchants Bank Co. will post 4.5 earnings per share for the current fiscal year.
About China Merchants Bank
China Merchants Bank (OTCMKTS: CIHKY) is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.
The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management.
Recommended Stories
- Five stocks we like better than China Merchants Bank
- Rocket Lab’s NASA Win Tests Key Support After Sharp Pullback
- AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
- Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
- Xcel Energy Stock Offers Stability as Electricity Demand Builds
Receive News & Ratings for China Merchants Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Merchants Bank and related companies with MarketBeat.com's FREE daily email newsletter.
