- Citic Bank’s net interest income for the fiscal year was 146.68 billion yuan, closely matching the estimated 146.19 billion yuan.
- The bank’s net income reached 68.58 billion yuan, marking a growth of 2.33% compared to the previous period.
- The non-performing loans ratio was reported at 1.16%, slightly above the estimated 1.11%.
- Citic Bank achieved a net interest margin of 1.77%, exceeding the forecasted 1.73%.
- A final dividend of 17.22 RMB cents per share was declared for investors.
- Analyst ratings for Citic Bank include 12 buys, 3 holds, and no sells.
A look at China Citic Bank Corp Ltd H 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
Based on the Smartkarma Smart Scores, China Citic Bank Corp Ltd H shows a promising long-term outlook. With high scores in Value, Dividend, Growth, and Momentum factors, the company appears well-positioned for potential future success. The Value and Dividend scores indicate strong financial fundamentals and investor-friendly practices, while the Growth score suggests opportunities for expansion and development. Additionally, the Momentum score highlights positive market sentiment and performance.
China CITIC Bank Corporation Limited, a provider of banking services, presents a profile reflecting stability and growth potential. Offering a range of banking services such as deposits, loans, currency trading, and more, the company caters to various clients including individuals and businesses. Despite a slightly lower score in Resilience, the overall positive outlook indicated by the Smartkarma Smart Scores emphasizes the company’s strength and potential for long-term success in the financial sector.
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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