- Net income for the first half of 2024 was 12.97 billion yuan, up 1.1% year-on-year.
- Net interest income dropped by 11% year-on-year to 16.18 billion yuan.
- Net interest margin decreased to 1.19% compared to 1.4% the previous year.
- The bank’s non-performing loans ratio stands at 1.21%.
- Net Fee & Commission income fell by 24% year-on-year to 2.19 billion yuan.
- Analysts’ recommendations: 3 buys, 2 holds, and 1 sell.
A look at Bank of Shanghai 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 Shanghai, a prominent banking institution, is well-positioned for long-term success based on its Smartkarma Smart Scores. With top marks in Value and Dividend, the company demonstrates strong fundamentals and a commitment to rewarding its investors. Additionally, a solid score in Growth suggests potential for expansion and increased profitability in the future. However, Bank of Shanghai shows some vulnerability in Resilience, indicating a need for cautious risk management strategies to navigate challenges. On the bright side, the company boasts high Momentum, reflecting positive market sentiment and a promising outlook for continued growth.
Bank of Shanghai Co., Ltd. provides a range of banking services to a diverse client base, including individuals, enterprises, and other entities. This broad scope of offerings allows the bank to cater to various financial needs, enhancing its appeal and market reach. With strong scores in key areas like Value, Dividend, and Momentum, Bank of Shanghai appears well-equipped to maintain its position as a reputable player in the banking sector and capitalize on future opportunities for growth and expansion.
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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