ICBC's Revenue Headwinds Remain Greater Than Its Peers
Industrial and Commercial Bank of China, or ICBC, is China's largest bank. We think its leading scale efficiency and funding advantages endow it with a narrow economic moat.
Industrial and Commercial Bank of China, or ICBC, is China's largest bank. We think its leading scale efficiency and funding advantages endow it with a narrow economic moat.
With solid experience in international structured financing, ICBC has one of the strongest presences in the "One Belt, One Road" region, covering 21 countries in this region.
Along with other banks, ICBC faces mounting downward pressure in net interest margin due to credit easing policies in response to the COVID-19 outbreak.
Metric
|
01398
|
600036
|
600016
|
---|---|---|---|
Price/Earnings (Normalized) | 3.82 | 5.73 | 5.25 |
Price/Book Value | 0.40 | 0.88 | 0.34 |
Price/Sales | 1.57 | 2.50 | 1.45 |
Price/Cash Flow | 6.05 | 8.09 | 0.67 |
Metric
|
01398
|
600036
|
600016
|
---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
Metric
|
01398
|
600036
|
600016
|
---|---|---|---|
Return on Assets (Normalized) | 0.84% | 1.38% | 0.47% |
Return on Equity (Normalized) | 11.09% | 16.75% | 6.78% |
Return on Invested Capital (Normalized) | — | — | — |
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
---|---|---|---|---|---|
JPM
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BAC
| Bank of America Corp | Yjqnvqwvb | Fkhxt | $298.3 Bil | |
WFC
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HSBC
| HSBC Holdings PLC ADR | Vmsmbrrn | Jdry | $147.2 Bil | |
RY
| Royal Bank of Canada | Fdhpnhkq | Zhcz | $141.8 Bil | |
MUFG
| Mitsubishi UFJ Financial Group Inc ADR | Yxxpbbssf | Jtqq | $121.8 Bil | |
C
| Citigroup Inc | Bgbsfbrvq | Qhthp | $120.2 Bil | |
TD
| The Toronto-Dominion Bank | Ywrwclfxyn | Ywxfc | $107.1 Bil | |
UBS
| UBS Group AG | Zpbdmtdzjq | Cgzyt | $100.3 Bil | |
SAN
| Banco Santander SA ADR | Php | Wvgtx | $76.7 Bil |