- ICBC’s net income for the first half of 2024 is 170.5 billion yuan.
- This net income is a 1.9% decrease compared to the same period last year, which was 173.74 billion yuan.
- ICBC’s net interest income stands at 313.95 billion yuan.
- The bank’s net interest margin is 1.43%.
- Impairment losses on assets amount to 102.07 billion yuan, a 17% decrease year-on-year.
- Net fee and commission income for the period is 67.41 billion yuan.
- Analyst ratings include 18 buys, 3 holds, and 1 sell.
A look at Ind & Comm Bk Of China (A) 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, the long-term outlook for Industrial and Commercial Bank of China (A) looks promising. With a top-notch score in both Value and Dividend categories, the bank is seen as having strong fundamentals and a commitment to rewarding shareholders. Additionally, a high score in Momentum suggests that the company is performing well compared to its peers and is on a positive trajectory. Despite a slightly lower score in Resilience, the overall outlook remains positive for the bank.
Industrial and Commercial Bank of China Ltd is a major player in the Chinese banking sector, offering a wide range of banking services to both individuals and businesses across the country. With a focus on deposit-taking, lending, credit cards, and international financial services, the bank is deeply rooted in the Chinese financial landscape. The company’s smart scores indicate a solid foundation with room for growth, making it a potentially attractive long-term investment option.
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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