Bank of China (OTCMKTS:BACHY) Posts Earnings Results, Beats Estimates By $0.07 EPS

Bank of China (OTCMKTS:BACHY) posted its quarterly earnings results on Wednesday. The bank reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07, Zacks reports. The company had revenue of $17.82 billion for the quarter, compared to the consensus estimate of $130.61 billion. Bank of China had a net margin of 17.35% and a return on equity of 7.81%.

Bank of China Price Performance

OTCMKTS BACHY traded up $0.04 during trading on Friday, reaching $14.77. 29,028 shares of the company’s stock traded hands, compared to its average volume of 31,483. The company’s 50 day simple moving average is $13.83 and its two-hundred day simple moving average is $12.61. Bank of China has a 12-month low of $10.10 and a 12-month high of $15.43. The firm has a market cap of $173.92 billion, a price-to-earnings ratio of 5.79 and a beta of 0.18.

Analyst Ratings Changes

A number of brokerages have recently commented on BACHY. Bank of America reaffirmed a “neutral” rating on shares of Bank of China in a research report on Thursday. The Goldman Sachs Group raised Bank of China from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

Bank of China Company Profile

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.