Bank of China (OTCMKTS:BACHY) Releases Earnings Results, Beats Estimates By $0.07 EPS

Bank of China (OTCMKTS:BACHY) posted its quarterly earnings data on Wednesday. The bank reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07, Zacks reports. Bank of China had a net margin of 17.35% and a return on equity of 7.81%. The firm had revenue of $17.82 billion during the quarter, compared to analyst estimates of $130.61 billion.

Bank of China Price Performance

Bank of China stock traded up $0.04 during mid-day trading on Friday, reaching $14.77. 29,028 shares of the company traded hands, compared to its average volume of 31,483. Bank of China has a fifty-two week low of $10.10 and a fifty-two week high of $15.43. The firm’s fifty day moving average is $13.83 and its two-hundred day moving average is $12.61. The company has a market capitalization of $173.92 billion, a price-to-earnings ratio of 5.79 and a beta of 0.18.

Analyst Upgrades and Downgrades

BACHY has been the subject of several analyst reports. The Goldman Sachs Group upgraded Bank of China from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Bank of America reiterated a “neutral” rating on shares of Bank of China in a research note on Thursday.

About Bank of China

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.