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OTCMKTS:IDCBY

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

$11.25
+0.18 (+1.63%)
(As of 06/18/2024 ET)
Today's Range
$10.88
$11.44
50-Day Range
$10.03
$12.07
52-Week Range
$8.50
$12.13
Volume
31,488 shs
Average Volume
64,783 shs
Market Capitalization
$200.48 billion
P/E Ratio
N/A
Dividend Yield
6.31%
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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Company Calendar

Last Earnings
4/29/2024
Today
6/19/2024
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
$3.36 per share
Book Value
$29.30 per share

Miscellaneous

Outstanding Shares
17,820,310,000
Free Float
N/A
Market Cap
$200.48 billion
Optionable
Not Optionable
Beta
0.15

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Key Executives

  • Mr. Lin Liao (Age 58)
    President & Executive Chairman
    Comp: $126.57k
  • Mr. Jingwu Wang (Age 58)
    Senior Executive VP, Chief Risk Officer & Executive Director
    Comp: $116.09k
  • Ms. Yan Xiong (Age 60)
    Chief Business Officer
    Comp: $188.29k
  • Mr. Jianhua Song (Age 59)
    Chief Business Officer
    Comp: $188k
  • Mr. Weiwu Zhang (Age 49)
    Senior Executive Vice President
    Comp: $116.09k
  • Dr. Xueqing Guan (Age 61)
    Board Secretary & Company Secretary
    Comp: $195.51k
  • 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
    Comp: $116.09k
  • Mr. Fenglin Tian (Age 57)
    Chief Business Officer

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:

  • Industrial and Commercial Bank of China Limited has a strong presence in both the domestic and international banking sectors, providing diversification opportunities for investors.
  • The company offers a wide range of financial products and services, including corporate banking, personal banking, and treasury operations, catering to various customer segments.
  • Recent institutional trading activities have shown increased interest from large investors, indicating confidence in the company's future performance.
  • Industrial and Commercial Bank of China Limited's stock price has shown resilience in recent market conditions, reflecting stability and potential growth.
  • The company's focus on e-banking services and investment banking presents opportunities for technological advancements and revenue growth.

Cons

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

  • The banking industry is subject to regulatory changes and economic fluctuations, which can impact the company's profitability and operations.
  • Intense competition within the banking sector may pressure margins and limit growth prospects for Industrial and Commercial Bank of China Limited.
  • Global economic uncertainties and geopolitical tensions could affect the company's international operations and financial performance.
  • Interest rate fluctuations and credit risks are inherent in the banking business, potentially impacting the company's earnings and stability.
  • Investors should carefully monitor the company's exposure to non-performing loans and credit quality to assess potential risks to their investment.
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, May 29, 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?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Industrial and Commercial Bank of China in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" IDCBY 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 shares have increased by 15.7% and is now trading at $11.25.
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 the month of May. As of May 31st, there was short interest totaling 8,900 shares, a decline of 81.1% from the May 15th total of 47,000 shares. Based on an average daily trading volume, of 201,700 shares, the days-to-cover ratio is presently 0.0 days.
View Industrial and Commercial Bank of China's Short Interest
.

How were Industrial and Commercial Bank of China's earnings last quarter?

Industrial and Commercial Bank of China Limited (OTCMKTS:IDCBY) issued its earnings results on Monday, April, 29th. The company reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $29.35 billion for the quarter. Industrial and Commercial Bank of China had a trailing twelve-month return on equity of 9.96% and a net margin of 23.98%.

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. Shareholders of record on Friday, July 7th will be given 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 6.42%. IDCBY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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 6/19/2024 by MarketBeat.com Staff

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