- Bank of Chengdu’s net income for the first half of 2024 increased to 6.17 billion yuan, compared to 5.58 billion yuan in the same period last year.
- This growth represents an 11% year-over-year increase in net income.
- Net interest income also saw a rise, reaching 9.08 billion yuan, a 1.9% increase from the previous year.
- The non-performing loans ratio improved slightly to 0.66%, down from 0.68% year-over-year.
- Among analysts, there are 22 buy recommendations, 1 hold, and 1 sell for Bank of Chengdu’s stock.
A look at Bank of Chengdu Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
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
Bank of Chengdu appears to have a positive long-term outlook based on its Smartkarma Smart Scores. With top scores in Value and Dividend, the company is deemed to offer good value for investors and provides attractive dividend yields. Additionally, strong Momentum suggests that the company is experiencing positive stock price performance. Although Resilience lags behind, the overall outlook for Bank of Chengdu looks promising due to its solid fundamentals.
Bank of Chengdu Co., Ltd. is a banking institution that offers a range of financial services including deposits, loans, currency trading, and foreign exchange. Serving individuals, enterprises, and other clients, the company is well-positioned in the market with high scores in key areas such as Value, Dividend, and Momentum. While there are some areas for improvement, the company’s Growth score indicates potential for expansion and development in the future.
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
