- Bank of Communications (Bocom) reports Q1 net income of 24.99 Billion Yuan, a slight increase from the 24.63 Billion Yuan from the same period in the previous year, showing a year-on-year growth of 1.4%.
- The bank’s net interest income for Q1 comes to 41.56 billion Yuan, which also shows a year-on-year increase. The growth rate for this period is 2.2%.
- Contrarily, Bocom’s net fee and commission income sees a decline, with figures standing at 11.88 billion Yuan for Q1, down by 6.4% compared to the same period last year.
- Earnings Per Share (EPS) show an increase, standing at 34 RMB cents as compared to 33 RMB cents from the previous year.
- Common equity Tier 1 ratio, an important indicator of a bank’s financial health, is reported to be 10.4%.
- Bocom’s non-performing loan ratio stands at 1.32%, indicating the proportion of the banks loan portfolio that is in default or close to being in such a state.
- The bank has a coverage ratio for non-performing loans, a measure indicating the proportion of total non-performing loans that is covered by the bank’s provisions, at a healthy 197.1%.
- Bocom’s total volume of non-performing loans comes to 108.38 billion yuan.
- Regarding investor sentiment, the companies current status sits with 14 buys, 5 holds, and 3 sells.
A look at Bank Of Communications Co H Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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
Bank Of Communications Co H is well-positioned for long-term success based on its strong Smartkarma Smart Scores. With a top score in both Value and Dividend categories, the company is deemed to be financially sound and profitable for investors. Furthermore, its high Momentum score suggests a positive trend in the company’s stock performance, indicating strong potential for growth. Despite lower scores in Growth and Resilience, the overall outlook remains optimistic for Bank Of Communications Co H, making it an attractive option for those seeking stable returns with the potential for capital appreciation.
Bank Of Communications Co H is a leading provider of comprehensive commercial banking services, catering to both domestic and international markets. With a focus on RMB and foreign currency transactions, the company offers a diverse range of services including loans, currency trading, and bank guarantees. Its stellar Smartkarma Smart Scores in Value, Dividend, and Momentum highlight its solid financial standing and growth potential, positioning it as a favorable choice for investors looking for a reliable and rewarding investment opportunity.
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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