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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
Bear Market Funds to Watch This Year
Shares of Walmart-backed Ibotta soar on public debut
Closing prices for crude oil, gold and other commodities
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
Bear Market Funds to Watch This Year
Shares of Walmart-backed Ibotta soar on public debut
Closing prices for crude oil, gold and other commodities
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
Bear Market Funds to Watch This Year
Shares of Walmart-backed Ibotta soar on public debut
Closing prices for crude oil, gold and other commodities
OTCMKTS:ACGBY

Agricultural Bank of China (ACGBY) Stock Price, News & Analysis

$10.93
+0.17 (+1.58%)
(As of 04/18/2024 ET)
Today's Range
$10.80
$10.93
50-Day Range
$9.71
$10.93
52-Week Range
$7.93
$10.93
Volume
8,468 shs
Average Volume
15,316 shs
Market Capitalization
$153.01 billion
P/E Ratio
4.34
Dividend Yield
5.86%
Price Target
N/A
ACGBY stock logo

About Agricultural Bank of China Stock (OTCMKTS:ACGBY)

Agricultural Bank of China Limited, together with its subsidiaries, provides banking products and services. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. It offers demand, personal call, foreign currency call, time or demand optional, foreign exchange call, foreign exchange time, savings, agreed term, and negotiated deposit accounts, as well as certificates of deposit; and loans, including housing, consumer, business, fixed asset, working capital, real estate, and entrusted syndicated loans, as well as trade finances, guarantees and commitments, and loans with custody of export rebates accounts. The company provides credit card, debit card, payment and settlement, private banking, cash management, investment banking, custody, financial market, and financial institution services, as well as trading and wealth management services; and personal fund collection and automatic transfer services. In addition, it offers agro-related personal and corporate banking products and services; telephone, mobile, self-service, television, and SMS banking services; financial leasing services; fund management services; asset custodian services; and insurance and reinsurance related products and services. The company operates domestic branches, including specialized institutions, training institutes, tier-1 branches, tier-2 branches, tier-1 sub-branches, foundation-level branch outlets and other establishments; overseas branches in Hong Kong, Singapore, Seoul, New York, Dubai International Financial Centre, Tokyo, Frankfurt, Sydney, Luxemburg, Dubai, London, Macao, and Hanoi; and overseas representative offices in Vancouver, Taipei, Sao Paulo, and Dushanbe. The company was founded in 1951 and is based in Beijing, the People's Republic of China.

ACGBY Stock Price History

ACGBY Stock News Headlines

The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Agricultural Bank of China Ltd (EK7.SG)
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Agricultural Bank of China Ltd (EK7A.BE)
China's AgBank posts 3.48% rise in first-half profit
1288.HK - Agricultural Bank of China Limited
Agricultural Bank of China Ltd Class H
ACGBY Agricultural Bank of China Limited
Agricultural Bank of China Limited (1288.HK)
See More Headlines
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Company Calendar

Today
4/19/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Private households
Sub-Industry
N/A
Current Symbol
OTCMKTS:ACGBY
Employees
452,258
Year Founded
1951

Profitability

Net Income
$38.51 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$178.94 billion
Cash Flow
$3.08 per share
Book Value
$28.39 per share

Miscellaneous

Outstanding Shares
13,999,320,000
Free Float
N/A
Market Cap
$153.01 billion
Optionable
Not Optionable
Beta
0.15

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Key Executives

  • Mr. Shu Gu (Age 57)
    Executive Chairman
    Comp: $120.09k
  • Mr. Han Xu (Age 59)
    Chief Information Officer
    Comp: $111.44k
  • Mr. Xuguang Zhang (Age 60)
    Executive VP & Executive Director
    Comp: $110.08k
  • Dr. Li Lin (Age 56)
    Executive VP & Executive Director
    Comp: $110.08k
  • Mr. Jiawang Liu (Age 49)
    Executive Vice President
    Comp: $30.51k
  • Mr. Mingde Yao (Age 54)
    General Manager of the Finance & Accounting Department
  • Mr. Hong Liu (Age 56)
    Executive Vice President
  • Dr. Gang Wu (Age 59)
    Chief Risk Officer

Should I Buy Agricultural Bank of China Stock? ACGBY Pros and Cons Explained

Pros

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

  • The Agricultural Bank of China Limited reported a higher-than-expected interim gain, indicating strong financial performance.
  • The company offers a wide range of banking products and services, catering to both corporate and personal banking needs.
  • With a diverse range of loan offerings, including housing, consumer, and business loans, the bank has a strong foothold in the lending market.
  • Operational presence in various international locations such as Hong Kong, Singapore, and New York provides global exposure and potential growth opportunities.
  • Despite challenges like slowing growth in the Chinese economy, the bank has managed to maintain profitability, showcasing resilience.

Cons

Investors should be bearish about investing in Agricultural Bank of China Limited for these reasons:

  • The bank issued a profitability warning due to slimmer net interest margins, which could impact future earnings.
  • The ongoing property crisis in China poses a risk to the bank's operations and profitability.
  • Market conditions, such as slowing economic growth, may affect the bank's performance and stock price.
  • Increased competition in the banking sector could pressure margins and limit growth prospects for Agricultural Bank of China Limited.
  • Global economic uncertainties and geopolitical tensions may introduce volatility and risks to the bank's operations and financial 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 Thursday, April 11, 2024. Please send any questions or comments about these Agricultural Bank of China pros and cons to contact@marketbeat.com.

ACGBY Stock Analysis - Frequently Asked Questions

How have ACGBY shares performed in 2024?

Agricultural Bank of China's stock was trading at $9.60 at the beginning of the year. Since then, ACGBY shares have increased by 13.9% and is now trading at $10.93.
View the best growth stocks for 2024 here
.

Are investors shorting Agricultural Bank of China?

Agricultural Bank of China saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 34,600 shares, a decrease of 31.1% from the March 15th total of 50,200 shares. Based on an average daily volume of 51,300 shares, the days-to-cover ratio is currently 0.7 days.
View Agricultural Bank of China's Short Interest
.

How often does Agricultural Bank of China pay dividends? What is the dividend yield for Agricultural Bank of China?

Agricultural Bank of China declared a dividend on Monday, June 26th. Investors of record on Monday, July 10th will be given a dividend of $0.6772 per share on Wednesday, August 23rd. The ex-dividend date is Friday, July 7th.
Read our dividend analysis for ACGBY
.

Is Agricultural Bank of China a good dividend stock?

Agricultural Bank of China (OTCMKTS:ACGBY) pays an annual dividend of $0.64 per share and currently has a dividend yield of 6.08%. ACGBY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 25.40%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ACGBY.

How do I buy shares of Agricultural Bank of China?

Shares of ACGBY 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:ACGBY) was last updated on 4/19/2024 by MarketBeat.com Staff

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