China's four state-owned banks—Agricultural Bank of China, Bank of China, China Construction Bank, and Industrial and Commercial Bank of China—posted stable nine-month revenue growth of 7%-12% and accelerating net profit growth of 6%-7%.
As a major lender to infrastructure related sectors, CCB's credit quality is supported by easing local government debt risks as a result of government debt swap.
As financial disintermediation continues, large-scale and high-quality businesses are more likely to access lower-cost direct financing, which will weaken CCB's customer base and its bargaining power over these customers.
Metric | 00939 | 601988 | 601288 |
|---|---|---|---|
Price/Earnings (Normalized) | 7.01 | 9.27 | 8.54 |
Price/Book Value | 0.64 | 0.80 | 0.88 |
Price/Sales | 3.00 | 3.43 | 3.34 |
Price/Cash Flow | 12.54 | 1.81 | 2.98 |
Metric | 00939 | 601988 | 601288 |
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
Metric | 00939 | 601988 | 601288 |
|---|---|---|---|
Return on Assets (Normalized) | 0.76% | 0.68% | 0.61% |
Return on Equity (Normalized) | 10.02% | 9.81% | 10.94% |
Return on Invested Capital (Normalized) | — | — | — |
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|---|---|---|---|---|---|---|
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| Bank of America Corp BAC | LOCK|<ZX%F!^ | LOCK|R? | $350B | |||
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| Royal Bank of Canada RY | LOCK|xlH$s&sq | LOCK|@?> | $282B | |||
| Wells Fargo & Co WFC | LOCK|Wfnlf! | LOCK|MJ | $257B | |||
| Mitsubishi UFJ Financial Group Inc ADR MUFG | LOCK|NqD>&>p | LOCK|d!K | $245B | |||
| The Toronto-Dominion Bank TD | LOCK|Dv>B@B | LOCK|p? | $203B | |||
| Citigroup Inc C | LOCK|J^yCrT | LOCK|<r | $202B | |||
| Banco Santander SA ADR SAN | LOCK|RHGQPt | LOCK|^FNN | $182B | |||
| UBS Group AG Registered Shares UBS | LOCK|&GRDwrY | LOCK|#$kP | $150B |
United States