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- `AgBank’s 1Q net interest income has surpassed estimates, reaching 144.54 billion yuan compared to an estimate of 141.74 billion yuan. `
- `The bank’s net interest margin is reported to be at 1.44%. `
- `AgBank’s net income for the first quarter is stated as 70.39 billion yuan. `
- `Net fee and commission income fell just short of estimates, landing at 29.04 billion yuan versus the estimated 31.51 billion yuan. `
- `Non-performing loans are currently valued at 315.33 billion yuan. `
- `The coverage ratio for non-performing loans stands high at 303.2%. `
- `In terms of recommendations, AgBank received 20 buys, 4 holds, and 1 sell. `
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A look at Agricultural Bank Of China 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 Smartkarma Smart Scores, Agricultural Bank of China presents a strong long-term outlook. With top scores in Value and Dividend factors, the company showcases solid financial health and commitment to rewarding its investors. Additionally, a high Momentum score suggests positive market sentiment and potential for continued growth in the near future.
However, the company’s slightly lower Resilience score indicates some vulnerability to economic fluctuations or industry challenges. While its Growth score is positive, it falls slightly below the top scores in other areas. Overall, Agricultural Bank of China’s diverse range of banking services positions it well in the market, supported by its strong value proposition and consistent dividend payouts.
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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