Industrial and Commercial Bank of China (1398)
4.10 HKD -0.01 (-0.24%) Volume: 248.67M
Industrial and Commercial Bank of China’s stock price stands at 4.10 HKD, experiencing a slight dip of -0.24% in this trading session with a trading volume of 248.67M, yet showing a promising YTD increase of +7.07%, highlighting it as a potential investment opportunity in the banking sector.
Latest developments on Industrial and Commercial Bank of China
[“ICBC reports higher quarterly profit”, “ICBC plans to expand its wealth management business”, “ICBC sees increased demand in loans”]Today, ICBC (H) stock prices experienced notable movements following a series of key events. The bank reported higher quarterly profits, fueling investor confidence. Additionally, ICBC’s plans to expand its wealth management business were unveiled, suggesting potential new revenue streams. Lastly, an increase in loan demand was observed, indicating robust business growth and solidifying ICBC’s market position.
A look at Industrial and Commercial Bank of China Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
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, ICBC (H) is positioned well for long-term success. With high scores in Dividend and Momentum, the company is showing strong potential for growth and stability. The Value and Growth scores also indicate a solid foundation for continued success in the banking sector. Overall, ICBC (H) is demonstrating resilience and momentum that bodes well for its future outlook.
Industrial and Commercial Bank of China Limited, known for providing banking services including deposits, loans, and fund underwriting, is showing promise in the market. With a focus on individuals, enterprises, and other clients, ICBC (H) is well-positioned to continue its success. The high Smartkarma Smart Scores in Dividend, Growth, and Momentum highlight the company’s strengths and potential for long-term growth in the banking industry.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
