- Ping An Bank’s net income for the first half of 2024 was 25.88 billion yuan, an increase of 1.9% compared to last year.
- Net interest income declined by 22%, amounting to 49.09 billion yuan.
- The ratio of non-performing loans stood at 1.07%.
- Earnings per share (EPS) rose to 1.23 yuan, up from 1.20 yuan in the previous year.
- Net interest margin dropped to 1.96%, compared to 2.55% last year.
- Net fee & commission income fell by 21%, totaling 13.0 billion yuan.
- Analyst recommendations include 25 buys, 6 holds, and 1 sell.
A look at Ping An Bank Co Ltd A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| 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
Ping An Bank Co Ltd A is positioned for a promising long-term future based on its Smartkarma Smart Scores. With top scores in Value and Dividend, the company demonstrates solid financial health and commitment to rewarding its investors. Additionally, its strong Growth and Momentum scores indicate positive prospects for future expansion and market performance. However, the lower Resilience score suggests potential vulnerability to economic downturns but overall, the company seems well-equipped to navigate challenges and continue on its growth trajectory.
Ping An Bank Co Ltd A offers a comprehensive range of commercial banking services, catering to both domestic and international clients. With a focus on RMB and foreign currency transactions, the company provides a variety of financial solutions including deposits, loans, currency trading, and more. This diverse service offering positions Ping An Bank Co Ltd A as a key player in the banking industry, poised for sustainable growth and shareholder value creation in the long run.
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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