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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
OTCMKTS:IDCBY

Industrial and Commercial Bank of China (IDCBY) Stock Price, News & Analysis

$10.02
-0.03 (-0.30%)
(As of 03/28/2024 ET)
Today's Range
$9.97
$10.15
50-Day Range
$9.03
$10.53
52-Week Range
$8.50
$11.90
Volume
35,626 shs
Average Volume
63,616 shs
Market Capitalization
$178.52 billion
P/E Ratio
3.60
Dividend Yield
7.09%
Price Target
N/A
IDCBY stock logo

About Industrial and Commercial Bank of China Stock (OTCMKTS:IDCBY)

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions. Its products and services include trade financing, deposit, corporate wealth management, custody, and various corporate intermediary services, as well as corporate loans. Its Personal Banking segment provides financial products and services to individual customers. This segment's products and services comprise personal loans and cards, deposits, and personal wealth management and intermediary services. The Treasury Business segment is involved in the money market transactions, investment securities, and proprietary and foreign exchange transactions businesses. It also offers e-banking services, investment banking, financial leasing, and insurance services. Industrial and Commercial Bank of China Limited was incorporated in 1984 and is based in Beijing, the People's Republic of China.

IDCBY Stock Price History

IDCBY Stock News Headlines

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Industrial Commercial Bank of China (IDCBY)
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Treasury Settlement Delays Continue in Wake of ICBC Hack
See More Headlines
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Company Calendar

Today
3/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
N/A
Current Symbol
OTCMKTS:IDCBY
Fax
N/A
Employees
427,587
Year Founded
1984

Profitability

Net Income
$53.57 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$209.49 billion
Cash Flow
$3.24 per share
Book Value
$29.30 per share

Miscellaneous

Outstanding Shares
17,820,310,000
Free Float
N/A
Market Cap
$178.52 billion
Optionable
Not Optionable
Beta
0.18

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Key Executives

  • Mr. Lin Liao (Age 58)
    President & Executive Chairman
    Comp: $120.61k
  • Mr. Wenwu Zhang (Age 51)
    Senior Executive Vice President
    Comp: $110.52k
  • Mr. Jingwu Wang (Age 58)
    Senior Executive VP, Chief Risk Officer & Executive Director
    Comp: $110.52k
  • Ms. Yan Xiong (Age 60)
    Chief Business Officer
    Comp: $181.07k
  • Mr. Jianhua Song (Age 59)
    Chief Business Officer
    Comp: $180.24k
  • Mr. Weiwu Zhang (Age 49)
    Senior Executive Vice President
    Comp: $110.52k
  • Dr. Xueqing Guan (Age 61)
    Board Secretary & Company Secretary
    Comp: $189.8k
  • Mr. Zou Xin
    General Manager of Corporate Strategy & Investor Relations
  • Mr. Li Huang (Age 60)
    Head of Beijing Branch & Employee Supervisor
  • Mr. Hongtao Duan (Age 55)
    Senior Executive Vice President

Should I Buy Industrial and Commercial Bank of China Stock? IDCBY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Industrial and Commercial Bank of China Limited:

  • The recent partnership with a leading fintech company to enhance digital banking services, potentially increasing customer engagement and revenue streams.
  • Expansion into international markets, providing diversification and growth opportunities beyond the domestic market.
  • Strong financial performance with consistent revenue growth and healthy profit margins, indicating stability and potential for returns.
  • The current stock price is undervalued compared to industry peers, presenting a potential buying opportunity for investors seeking value.
  • Ongoing investments in technology and innovation to improve operational efficiency and customer experience, positioning the bank for long-term success in a digital era.

Cons

Investors should be bearish about investing in Industrial and Commercial Bank of China Limited for these reasons:

  • Regulatory challenges in the banking sector in China could lead to increased compliance costs and operational restrictions, impacting profitability.
  • Economic uncertainties in the global market may affect the bank's international expansion plans and expose it to foreign exchange risks.
  • Intense competition in the banking industry both domestically and internationally, potentially putting pressure on market share and pricing power.
  • Interest rate fluctuations could impact the bank's net interest margin, affecting its profitability and financial performance.
  • Geopolitical tensions and trade disputes may create volatility in the financial markets, influencing the bank's investment portfolio and overall stability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, March 25, 2024. Please send any questions or comments about these Industrial and Commercial Bank of China pros and cons to contact@marketbeat.com.

IDCBY Stock Analysis - Frequently Asked Questions

Should I buy or sell Industrial and Commercial Bank of China stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Industrial and Commercial Bank of China in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" IDCBY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IDCBY, but not buy additional shares or sell existing shares.
View IDCBY analyst ratings
or view top-rated stocks.

How have IDCBY shares performed in 2024?

Industrial and Commercial Bank of China's stock was trading at $9.72 at the start of the year. Since then, IDCBY stock has increased by 3.1% and is now trading at $10.0180.
View the best growth stocks for 2024 here
.

Are investors shorting Industrial and Commercial Bank of China?

Industrial and Commercial Bank of China saw a decline in short interest in March. As of March 15th, there was short interest totaling 36,800 shares, a decline of 79.9% from the February 29th total of 183,100 shares. Based on an average daily trading volume, of 116,900 shares, the short-interest ratio is presently 0.3 days.
View Industrial and Commercial Bank of China's Short Interest
.

How often does Industrial and Commercial Bank of China pay dividends? What is the dividend yield for Industrial and Commercial Bank of China?

Industrial and Commercial Bank of China announced a dividend on Monday, June 26th. Investors of record on Friday, July 7th will be paid a dividend of $0.7104 per share on Friday, September 1st. The ex-dividend date of this dividend is Thursday, July 6th.
Read our dividend analysis for IDCBY
.

Is Industrial and Commercial Bank of China a good dividend stock?

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) pays an annual dividend of $0.71 per share and currently has a dividend yield of 7.03%. IDCBY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 25.54%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IDCBY.

How do I buy shares of Industrial and Commercial Bank of China?

Shares of IDCBY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:IDCBY) was last updated on 3/29/2024 by MarketBeat.com Staff

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