Industrial And Commercial Bank Of China Ltd Class A

601398: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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ICBC: Reduced Cost of Equity Estimates; Fair Value Estimate Increases

Iris Tan

Jul 2, 2025

We update our cost of equity assumptions for Industrial and Commercial Bank of China to reflect a combination of recent industry developments, including weaker-than-expected year-to-date loan growth, a modest May interest rate cut, and policies to curb pricing competition among banks.

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Industrial And Commercial Bank Of China Ltd Class A

ICBC: Reduced Cost of Equity Estimates; Fair Value Estimate Increases

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