China Citic Bank Corp Ltd Class A
601998: XSHG (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| V.& | LOCK|k^M | LOCK|WtgSKFw |
Citic Bank Earnings: Margin Sequentially Improved; Raising Fair Value Estimate by 4%
Citic Bank's second-quarter net profit grew 3%, driven by 4% growth in interest income despite a 3% decline in noninterest income. The interim dividend rose 8% to CNY 0.20 per share, with the payout ratio increasing to 32% from 30%.
