Trending: China Merchants Bank Shares Fall After Operating Income Decline
0904 GMT - China Merchants Bank Co. is one of the most mentioned companies in the news over the past 12 hours, according to Factiva data. The Chinese bank reported on Thursday a 1.5% on-year decline in first-quarter operating income. Net income rose 1.7%, missing a 4.3% consensus estimate in a Visible Alpha poll. The bank's net interest margin was likely squeezed by cheaper mortgage loans made in response to Chinese officials cutting mortgage rates to shore up the country's real-estate market, according to Citi analysts. China Merchants shares fell 5.2% in Hong Kong. Dow Jones & Co. owns Factiva. (jacques.vanwersch@dowjones.com)
(END) Dow Jones Newswires
April 27, 2023 05:19 ET (09:19 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
After Earnings and a 56% Rally In 2024, Is Arm Stock a Buy, a Sell, or Fairly Valued?
-
How Morningstar Rates Stocks
-
After Earnings, Is Disney Stock a Buy, a Sell, or Fairly Valued?
-
Home Depot Earnings: Macro Factors Pinch Demand, but Long-Term Outlook Intact
-
Tariffs On Chinese EVs Offer US Automakers a Chance to Capture Demand
-
The Best REITs to Buy
-
3 Hot Stocks to Buy That Still Look Undervalued
-
After Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?