Earnings Alerts

Bank of Jiangsu (600919) Earnings: 1H Net Income Surges to 18.73B Yuan Amid 0.89% NPL Ratio

  • Bank of Jiangsu reported a net income of 18.73 billion yuan for the first half of 2024.
  • The bank’s non-performing loans (NPL) ratio stands at 0.89%.
  • Analysts’ recommendations for the bank’s stock include 22 buys, 0 holds, and 0 sells.

Bank of Jiangsu on Smartkarma

Analyst coverage of Bank of Jiangsu on Smartkarma by Brian Freitas has been positive, with a bullish sentiment reflected in the research report titled “SSE50 Index Rebalance Preview: Financials Continue to Outperform.” In the report, Freitas discusses the potential changes in the SSE50 index for June, estimating a one-way turnover of 7.1% and a significant one-way trade volume. The analysis highlights that potential additions, particularly in the financial sector, have been performing well compared to potential deletions. This suggests a possible positive outlook for Bank of Jiangsu within the index rebalancing context.

Freitas’ report provides valuable insights into the market dynamics surrounding Bank of Jiangsu, indicating a favorable positioning for the bank amidst potential changes in the SSE50 index. The research underscores the outperformance of financial stocks in the inclusion zone and the implications for index arbitrage balances. Investors monitoring Bank of Jiangsu may find Freitas’ analysis on Smartkarma informative and supportive of a bullish stance on the bank’s performance within the broader market context.


A look at Bank of Jiangsu Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE4.0

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 a positive long-term outlook for Bank of Jiangsu, a commercial bank in China. With solid scores of 5 in both Value and Dividend factors, it indicates the company is deemed favorable in terms of valuation and dividend payouts. Additionally, a Growth score of 4 suggests promising prospects for expansion and development. However, Bank of Jiangsu received a lower score of 2 in Resilience, which may indicate some vulnerability to market fluctuations. Nevertheless, a Momentum score of 4 indicates the company has been showing positive upward trends recently.

Bank of Jiangsu Co., Ltd. is a commercial bank in China that offers various banking services such as deposits, loans, wealth management, and online banking. The company also engages in internet finance activities. With strong scores in Value, Dividend, and Growth, Bank of Jiangsu is positioned well for long-term success, although its lower Resilience score suggests some caution may be warranted. The positive Momentum score indicates that the company is currently on a positive trajectory, which may bode well for future performance.


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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