Bank of Communications (OTCMKTS:BCMXY) Shares Gap Down – Here’s What Happened
by Mitch Edgeman · The Markets DailyShares of Bank of Communications Co. (OTCMKTS:BCMXY – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $25.00, but opened at $20.0235. Bank of Communications shares last traded at $20.0235, with a volume of 114 shares traded.
Bank of Communications Trading Down 13.3%
The business has a 50 day simple moving average of $23.73 and a two-hundred day simple moving average of $22.51. The company has a market cap of $59.48 billion, a PE ratio of 5.17 and a beta of -0.16.
Bank of Communications (OTCMKTS:BCMXY – Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The bank reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.18). Bank of Communications had a net margin of 18.19% and a return on equity of 7.70%. The business had revenue of $9.38 billion during the quarter, compared to analysts’ expectations of $9.11 billion.
About Bank of Communications
Bank of Communications Co, Ltd. (OTCMKTS: BCMXY) is a major Chinese commercial bank that provides a broad range of banking and financial services to individual, corporate and institutional clients. Founded in the early 20th century, the bank has grown into one of China’s large, systemically important banks and plays a significant role in supporting domestic economic activity, trade and finance. It combines traditional commercial banking functions with modern financial services across multiple customer segments.
The company’s core businesses include retail banking, corporate and investment banking, treasury and financial markets operations, and wealth and asset management.