Bank of China’s (BACHY) “Neutral” Rating Reaffirmed at Bank of America

Bank of America reissued their neutral rating on shares of Bank of China (OTCMKTS:BACHY) in a research note issued to investors on Thursday morning, Marketbeat.com reports.

Separately, The Goldman Sachs Group raised Bank of China from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.

Bank of China Stock Performance

Shares of Bank of China stock opened at $14.67 on Thursday. The company has a market capitalization of $172.75 billion, a P/E ratio of 5.75 and a beta of 0.18. Bank of China has a 1 year low of $10.14 and a 1 year high of $15.43. The company’s fifty day moving average is $13.87 and its two-hundred day moving average is $12.66.

Bank of China (OTCMKTS:BACHY) last released its quarterly earnings results on Wednesday, March 26th. The bank reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $17.82 billion for the quarter, compared to analyst estimates of $130.61 billion. Bank of China had a return on equity of 7.81% and a net margin of 17.35%.

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.