Industrial Bank Co Ltd Class A
601166: XSHG (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Pp@ | LOCK|$< | LOCK|@wT>#n& |
Industrial Bank Earnings: Dragged Down by Muted Loan Growth, Asset Quality Is Stable
Industrial Bank's first-quarter revenue and net profit fell 3.6% and 2.2% year on year, respectively. Contraction in net interest margin narrowed to 7 basis points due to a 33-basis-point reduction in deposit costs, partly offset by the lower asset yield.
