China Merchants Bank (OTCMKTS:CIHKY) Stock Falls 2% – What’s Next?

by · The Markets Daily

China Merchants Bank Co. (OTCMKTS:CIHKY – Get Free Report)’s share price dropped 2% during trading on Friday. The company traded as low as $33.79 and last traded at $33.86. 14,514 shares traded hands during trading, a decline of 43% from the average session volume of 25,332 shares. The stock had previously closed at $34.55.

China Merchants Bank Price Performance

The company’s 50 day moving average price is $32.48 and its two-hundred day moving average price is $31.26. The stock has a market capitalization of $170.79 billion, a PE ratio of 8.16 and a beta of 0.18.

China Merchants Bank (OTCMKTS:CIHKY – Get Free Report) last issued its earnings results on Friday, August 28th. The company reported $1.09 earnings per share (EPS) for the quarter. China Merchants Bank had a return on equity of 12.45% and a net margin of 32.69%. The business had revenue of $13.01 billion during the quarter, compared to the consensus estimate of $12.98 billion. Analysts forecast that China Merchants Bank Co. will post 4.51 earnings per share for the current year.

About China Merchants Bank

(Get Free Report)

China Merchants Bank Co, Ltd. is a commercial bank headquartered in Shenzhen, China. Established in 1987, it provides financial services to individual customers, businesses and institutional clients through a combination of branch-based and digital banking channels.

The bank’s services include personal and corporate deposits and loans, credit cards, payments, wealth management, asset management, investment banking, custody, foreign exchange and treasury services. It also provides financial leasing and other specialized services through affiliated businesses, including CMB International, CMB Financial Leasing and CMB Wealth Management.

China Merchants Bank primarily serves customers in mainland China and maintains an international presence through overseas branches, subsidiaries and representative offices.

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