China's big four state-owned banks, Agricultural Bank of China, Bank of China, China Construction Bank, and the Industrial and Commercial Bank of China, posted interim revenue and profit growth of 9%-11% and 3%-5% year on year, respectively.
We believe the average BOC customer is wealthier than a customer at Big Four peers, as total assets managed by BOC’s private bank accounted for roughly 20% of the bank’s retail AUM.
BOC's net interest margin faces downward pressures with the US Fed's interest rate cuts.
|
Metric
|
601988
|
600036
|
601939
|
|---|---|---|---|
Price/Earnings (Normalized) | 9.10 | 7.14 | 8.56 |
Price/Book Value | 0.79 | 0.91 | 0.81 |
Price/Sales | 3.31 | 3.19 | 3.67 |
Price/Cash Flow | 13.21 | 11.55 | 15.19 |
|
Metric
|
601988
|
600036
|
601939
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
601988
|
600036
|
601939
|
|---|---|---|---|
Return on Assets (Normalized) | 0.93% | 1.15% | 0.74% |
Return on Equity (Normalized) | 13.31% | 13.77% | 9.80% |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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United States