Earnings Alerts

Bank of Shanghai (601229) Earnings: FY Net Income Surpasses Estimates with Strong Performance

  • The Bank of Shanghai’s preliminary full-year net income stands at 23.56 billion yuan.
  • This net income surpasses the estimated figure of 22.9 billion yuan, indicating stronger than expected financial performance.
  • The bank’s preliminary non-performing loans ratio is currently at 1.18%.
  • Analyst recommendations include 5 buy ratings and 2 hold ratings, with no sell recommendations.

A look at Bank of Shanghai 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 have given Bank of Shanghai a positive long-term outlook based on the Smartkarma Smart Scores. With top scores in Value and Dividend factors, the company is regarded favorably in terms of its financial health and ability to provide stable returns to shareholders. Furthermore, Bank of Shanghai also received a solid score in Growth and Momentum, indicating potential for future development and market performance.

However, the company’s score in Resilience is comparatively lower, suggesting some potential vulnerabilities in the face of economic challenges or market fluctuations. Overall, Bank of Shanghai, a provider of various banking services to individuals and enterprises, shows promise for investors seeking a balanced combination of value, income generation, growth potential, and market momentum.


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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