Bank of Communications (OTCMKTS:BCMXY) Shares Gap Up – Here’s What Happened
by Teresa Graham · The Cerbat GemShares of Bank of Communications Co. (OTCMKTS:BCMXY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $20.90, but opened at $23.10. Bank of Communications shares last traded at $23.10, with a volume of 151 shares.
Bank of Communications Stock Up 10.5%
The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.89 and a current ratio of 0.95. The firm has a fifty day simple moving average of $23.55 and a 200-day simple moving average of $22.41. The firm has a market cap of $68.62 billion, a price-to-earnings ratio of 5.97 and a beta of -0.18.
Bank of Communications (OTCMKTS:BCMXY – Get Free Report) last announced its earnings results on Thursday, October 30th. The bank reported $0.73 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.18). The company had revenue of $9.38 billion for the quarter, compared to the consensus estimate of $9.11 billion. Bank of Communications had a return on equity of 7.70% and a net margin of 18.19%.
About Bank of Communications
Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.
The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.