- Military Bank reported a net income of 6.03 trillion dong for the second quarter of 2024, a 23% increase compared to the same period last year when it was 4.89 trillion dong.
- For the first half of 2024, the bank’s net income totaled 10.6 trillion dong, marking a 7.1% rise year-on-year.
- Total assets as of June 30, 2024, stood at 988.6 trillion dong, up from 944.95 trillion dong at the end of last year.
- Analyst recommendations include 12 buys, 1 hold, and no sell ratings.
A look at Military Commercial Joint Stock Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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
Based on the Smartkarma Smart Scores, Military Commercial Joint Stock Bank shows a promising long-term outlook. With a strong score of 5 for Growth, the bank is positioned well for expansion and increasing its market presence. Despite lower scores in areas such as Dividend and Resilience, the high score in Growth indicates potential for significant development and profitability over time.
Military Commercial Joint Stock Bank, offering a range of commercial banking services including personal banking, corporate banking, financial banking, and e-banking, presents a growth-oriented investment opportunity. Although facing some challenges in dividend payouts and resilience, the bank’s robust Growth score of 5 suggests a positive trajectory for the company’s future performance and market position.
### Military Commercial Joint Stock Bank offers commercial banking services. The Bank provides services in the areas of personal banking, corporate banking, financial banking, and e-banking. Military Commercial’s services include savings accounts, money lending, money transfers, foreign exchange, and money markets. ###
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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