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

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

Bank of China Stock Performance

Shares of OTCMKTS BACHY traded up $0.04 during mid-day trading on Friday, hitting $14.77. The stock had a trading volume of 29,028 shares, compared to its average volume of 31,483. The company has a 50 day moving average of $13.83 and a two-hundred day moving average of $12.61. Bank of China has a twelve month low of $10.10 and a twelve month high of $15.43. The firm has a market cap of $173.92 billion, a PE ratio of 5.79 and a beta of 0.18.

Wall Street Analysts Forecast Growth

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

About Bank of China

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.