Earnings Alerts

Industrial Bank Co Ltd A (601166) Earnings: 1H Net Income Reaches 43.05B Yuan

  • Net income reached 43.05 billion yuan in the first half of 2024.
  • Net interest income was 74.89 billion yuan during the same period.
  • Analyst ratings include 23 buys, 3 holds, and 2 sells.

A look at Industrial Bank Co Ltd A Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE4.2

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

Industrial Bank Co Ltd A, a provider of banking services, has been assessed using Smartkarma Smart Scores to gauge its long-term outlook. With a top score of 5 in both the Value and Dividend categories, the company is deemed strong in terms of its financial worth and ability to reward shareholders with dividends. Additionally, a solid score of 4 in Growth indicates positive potential for future expansion. However, the company scores lower in Resilience with a score of 2, suggesting some vulnerability to market fluctuations. Nonetheless, Industrial Bank Co Ltd A shines in Momentum with a score of 5, indicating strong upward momentum in its operations.

Industrial Bank Co Ltd A stands out in terms of its financial attractiveness and dividend distribution, positioning itself well for long-term growth and investor satisfaction. While showing room for improvement in resilience, the company’s high momentum reflects its current strong performance. Overall, Industrial Bank Co Ltd A portrays a solid foundation in banking services, catering to a diverse range of clients such as individuals, enterprises, and other entities. Further monitoring of its financial stability and market adaptability will be crucial in shaping its trajectory in the coming years.


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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