Earnings Alerts

Bank of Hangzhou (600926) Earnings: 1H Net Income Surpasses Estimates with 10 Billion Yuan

  • Bank of Hangzhou reported a net income of 10.00 billion yuan for the first half of 2024.
  • This net income surpassed the estimated 9.53 billion yuan.
  • The bank’s non-performing loans ratio stands at 0.76%.
  • Analyst recommendations include 19 buys, 5 holds, and 0 sells for Bank of Hangzhou.

A look at Bank of Hangzhou Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE4.2

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

Analysts at Smartkarma have provided positive long-term outlook for Bank of Hangzhou based on their Smart Scores. With top scores in Value and Dividend factors, Bank of Hangzhou is considered a strong performer in terms of undervaluation and dividend yield. Additionally, the company scored well in Growth and Momentum, signifying good potential for future growth and positive market momentum.

However, the company scored lower in Resilience, indicating potential weaknesses in its ability to withstand adverse market conditions. Overall, Bank of Hangzhou is positioned positively for the long term, with strengths in value, dividends, growth, and market momentum, despite some concerns around resilience.


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.
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