How have BCMXY shares performed in 2024?

Bank of Communications' stock was trading at $15.39 at the beginning of 2024. Since then, BCMXY stock has increased by 8.0% and is now trading at $16.6150. View the best growth stocks for 2024 here .

How were Bank of Communications' earnings last quarter?

Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) posted its quarterly earnings results on Thursday, April, 29th. The bank reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.22. The bank had revenue of $8.07 billion for the quarter. Bank of Communications had a trailing twelve-month return on equity of 8.84% and a net margin of 17.24%.

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

Bank of Communications declared a dividend on Monday, July 3rd. Shareholders of record on Wednesday, July 5th will be given a dividend of $1.1197 per share on Thursday, August 17th. The ex-dividend date is Monday, July 3rd. Read our dividend analysis for BCMXY .

Is Bank of Communications a good dividend stock?

Bank of Communications (OTCMKTS:BCMXY) pays an annual dividend of $1.13 per share and currently has a dividend yield of 6.82%. BCMXY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 27.63%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for BCMXY .

How do I buy shares of Bank of Communications?

Shares of BCMXY 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 .

OTCMKTS:BCMXY

Bank of Communications (BCMXY) Stock Price, News & Analysis

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$16.62

0.00 (0.00%)

(As of 04/17/2024 ET)

Compare

Today's Range: $16.62
▼
$16.62
50-Day Range: $15.39
▼
$16.62
52-Week Range: $13.81
▼
$17.50

Volume: 1 shs
Average Volume: 53 shs
Market Capitalization: $49.36 billion

P/E Ratio: 4.06
Dividend Yield: 6.80%
Price Target: N/A

Stock Analysis Chart Dividend Earnings Financials Headlines Short Interest

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About Bank of Communications Stock (OTCMKTS:BCMXY)

Bank of Communications Co., Ltd. provides commercial banking products and services. It offers personal deposit products including savings, and personal certificate and structured deposits; personal loan, consumption, housing, mortgage loan, commercial housing, and business loans; and debit and credit card services. The company also provides investment services, which includes funds, insurance, financial products, trust, asset management, and precious metals and commodities trading services, as well as operates banking securities and future business; exclusive services, such as ward fortune, salary payment, community finance, value-added, and junior finance. In addition, it offers foreign exchange services comprising personal foreign exchange settlement and sale, exchange trading, and international money transfer services, as well as cross-border study abroad finance, and business travel services. Further, the company provides business banking services, which includes deposit wealth and cash management, industry chain and government, auto, and shipping finance, as well as investment banking, asset custody, and enterprise annuity account management services; and basic, online and international trade finance, and billing services. It also offers international business services, such as cross-border, exchange rate management, foreign exchange wealth management, international settlement, trade finance, letter of credit, and correspondent banking, as well as operates domestic and overseas linkage, and electronic business. Additionally, it provides bond underwriting, and equity financing and supporting M&A advisory and financing services; offshore and trust business services; leasing services; consignment financial management services; and operates bank-securities, insurance, non-banking financial institution, financial market, money and bond market, forex, and derivatives. The company was founded in 1908 and is headquartered in Shanghai, the People's Republic of China.

BCMXY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BCMXY Stock News Headlines

April 12, 2024 | americanbankingnews.com

Bank of Communications (OTCMKTS:BCMXY) and Westpac Banking (OTCMKTS:WEBNF) Critical Analysis

April 10, 2024 | americanbankingnews.com

Bank of Communications (OTCMKTS:BCMXY) Stock Crosses Above Fifty Day Moving Average of $15.61

April 18, 2024 | Crypto 101 Media (Ad)

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April 3, 2024 | bloomberg.com

Fed’s Bowman Flags Discount-Window Use as Area of Concern

March 29, 2024 | bizjournals.com

Merger of Eastern Bank, Cambridge Trust delayed by months

March 28, 2024 | finance.yahoo.com

China Property Crisis Is Rippling Through Its Biggest Banks

March 26, 2024 | markets.businessinsider.com

Here's what to expect from Bank of Communications's earnings

March 23, 2024 | msn.com

Former White House Communications Director Says Wall Street Bankers Are Laughing At Trump's Fundraising Efforts: 'Can You Believe This Guy'

April 18, 2024 | Crypto 101 Media (Ad)

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March 14, 2024 | msn.com

Bernice King Invests In Holladay Bank, The First Commercial Bank Owned By A Minority Depository Institution

February 23, 2024 | msn.com

Access Bank, FG Partner to Provide N50bn Funding for MSMEs

February 21, 2024 | uk.finance.yahoo.com

Aldi plans to create 5,500 jobs as shoppers switch to discounters

February 21, 2024 | finance.yahoo.com

HSBC’s Profit Sinks on $3 Billion Charge at Chinese Bank

February 2, 2024 | morningstar.com

Bank of Communications Co Ltd Class H

January 30, 2024 | bloomberg.com

Bank Mergers Face Tougher, Slower Process Under OCC Proposal

December 14, 2023 | news.yahoo.com

Bank of America had among the most branch closures here this year

November 9, 2023 | msn.com

Inside a bankruptcy committee’s ongoing investigation into the failure of Silicon Valley Bank

October 18, 2023 | msn.com

More Wells Fargo and Bank of America branches to close in coming days: Full list of offices

August 30, 2023 | finance.yahoo.com

Bank of Communications to 'initiate' a mortgage rate cut, hewing to China's efforts to make homes more affordable and arrest housing slump

June 14, 2023 | msn.com

Access Bank Deepens Commitment To MSMEs, Customers

May 17, 2023 | 247wallst.com

Bank of Korea Taps Samsung to Research Offline CBDC Use

May 11, 2023 | msn.com

Scotiabank fined US$22.5M by U.S. agencies for use of messaging apps

April 27, 2023 | marketwatch.com

Communications Services Sink on Bank Worries -- Communications Services Roundup

April 11, 2023 | msn.com

This terrifying reason Silicon Valley Bank collapsed is a threat to thousands of other businesses

March 30, 2023 | finance.yahoo.com

China's Big Five banks post healthy results, warn of shaky recovery

March 27, 2023 | bizjournals.com

For Silicon Valley Bank clients, First Citizens is an unknown – and unproven – new partner

March 25, 2023 | msn.com

‘It’s clear I haven’t gotten through.’ After Silicon Valley Bank’s failure, Elizabeth Warren takes her criticism of Fed Chair Jerome Powell to another level.

See More Headlines

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Company Calendar

Last Earnings: 4/29/2021
Today: 4/17/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Finance
Industry: Private households
Sub-Industry: N/A
Current Symbol: OTCMKTS:BCMXY
CUSIP: N/A
CIK: 1447011
Web: www.bankcomm.com
Phone: 86-21-5876-6688
Fax: 86-21-5879-8398
Employees: 91,823
Year Founded: 1908

Profitability

EPS (Most Recent Fiscal Year): $4.09
Trailing P/E Ratio: 4.06
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $13.69 billion
Net Margins: 17.24%
Pretax Margin: N/A
Return on Equity: 8.84%
Return on Assets: 0.68%

Debt

Debt-to-Equity Ratio: 1.54
Current Ratio: 0.86
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $77.53 billion
Price / Sales: 0.64
Cash Flow: $5.45 per share
Price / Cash Flow: 3.05
Book Value: $49.56 per share
Price / Book: 0.34

Miscellaneous

Outstanding Shares: 2,970,510,000
Free Float: N/A
Market Cap: $49.36 billion
Optionable: Not Optionable
Beta: 0.11

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Key Executives

Mr. Deqi Ren (Age 61)
Executive Chairman
Comp: $124.99k
Mr. Jun Liu (Age 52)
Vice Chairman & President
Comp: $123.11k
Mr. Bin Qian (Age 51)
Executive VP & Chief Information Officer
Comp: $115.92k
Mr. Sheng Gu (Age 61)
GM of HR Department
Comp: $167.8k
Mr. Hong Tu (Age 58)
Chief Business Officer of Inter-bank & Market Business Sector and President of Shanghai Branch
Comp: $172.52k
Mr. Wanfu Zhou (Age 59)
Executive Director
Comp: $114.04k
Mr. Cheng Hao (Age 52)
Executive Vice President
Comp: $114.04k
Mr. Hua Lin (Age 56)
Chief Business Officer of Retail & Private Business Sector
Comp: $172.52k
Mr. Huang Hongyuan (Age 59)
Executive Vice President
Comp: $29.34k
Mr. Eric Pan
Senior Manager, IR Division

Key Competitors

View All Competitors

Should I Buy Bank of Communications Stock? BCMXY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Bank of Communications Co., Ltd.:

Bank of Communications is poised to cut mortgage rates, aligning with China's efforts to make homes more affordable and stimulate the housing market.
The company offers a wide range of banking products and services, including personal deposit products, loans, investment services, and international business services, providing diversified revenue streams.
Bank of Communications has a long-standing history, founded in 1908, and is one of China's largest banks, indicating stability and market presence.
The bank's initiatives to adjust mortgage rates on personal home loans could attract more customers and potentially increase loan volumes, leading to higher profitability.
Bank of Communications provides various financial services such as asset management, trust services, and investment banking, catering to different client needs and enhancing its competitive edge in the market.

Cons

Investors should be bearish about investing in Bank of Communications Co., Ltd. for these reasons:

The ongoing housing slump in China's market could pose challenges for the bank's mortgage business, impacting its revenue and profitability.
Market competition from other banks in China, especially if they follow suit in cutting mortgage rates, may lead to margin pressures for Bank of Communications.
External factors such as changes in government regulations or economic conditions in China could affect the bank's operations and financial performance.
Investing in a bank with exposure to various financial services carries inherent risks related to market fluctuations and regulatory changes in the financial sector.
Fluctuations in interest rates and foreign exchange markets could impact the bank's earnings and asset quality, affecting investor returns.

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 Wednesday, April 10, 2024. Please send any questions or comments about these Bank of Communications pros and cons to contact@marketbeat.com.

BCMXY Stock Analysis - Frequently Asked Questions

How have BCMXY shares performed in 2024?: Bank of Communications' stock was trading at $15.39 at the beginning of 2024. Since then, BCMXY stock has increased by 8.0% and is now trading at $16.6150.
View the best growth stocks for 2024 here.
How were Bank of Communications' earnings last quarter?: Bank of Communications Co., Ltd. (OTCMKTS:BCMXY) posted its quarterly earnings results on Thursday, April, 29th. The bank reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.22. The bank had revenue of $8.07 billion for the quarter. Bank of Communications had a trailing twelve-month return on equity of 8.84% and a net margin of 17.24%.
How often does Bank of Communications pay dividends? What is the dividend yield for Bank of Communications?: Bank of Communications declared a dividend on Monday, July 3rd. Shareholders of record on Wednesday, July 5th will be given a dividend of $1.1197 per share on Thursday, August 17th. The ex-dividend date is Monday, July 3rd.
Read our dividend analysis for BCMXY.

Is Bank of Communications a good dividend stock?: Bank of Communications (OTCMKTS:BCMXY) pays an annual dividend of $1.13 per share and currently has a dividend yield of 6.82%. BCMXY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 27.63%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for BCMXY.
How do I buy shares of Bank of Communications?: Shares of BCMXY 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:BCMXY) was last updated on 4/18/2024 by MarketBeat.com Staff

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