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OTCMKTS:IDCBY

Industrial and Commercial Bank of China (IDCBY) Stock Price, News & Analysis

$11.71
-0.23 (-1.93%)
(As of 08/21/2024 ET)
Today's Range
$11.70
$12.24
50-Day Range
$10.71
$12.15
52-Week Range
$8.56
$12.54
Volume
41,918 shs
Average Volume
60,045 shs
Market Capitalization
$208.68 billion
P/E Ratio
4.23
Dividend Yield
5.89%
Price Target
N/A
IDCBY stock logo

About Industrial and Commercial Bank of China Stock (OTCMKTS:IDCBY)

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions. Its products and services include trade financing, deposit, corporate wealth management, custody, and various corporate intermediary services, as well as corporate loans. Its Personal Banking segment provides financial products and services to individual customers. This segment's products and services comprise personal loans and cards, deposits, and personal wealth management and intermediary services. The Treasury Business segment is involved in the money market transactions, investment securities, and proprietary and foreign exchange transactions businesses. It also offers e-banking services, investment banking, financial leasing, and insurance services. Industrial and Commercial Bank of China Limited was incorporated in 1984 and is based in Beijing, the People's Republic of China.

IDCBY Stock Price History

IDCBY Stock News Headlines

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Industrial Commercial Bank of China (IDCBY)
See More Headlines
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Company Calendar

Ex-Dividend for 9/3 Dividend
7/09/2024
Today
8/21/2024
Dividend Payable
9/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
N/A
Current Symbol
OTCMKTS:IDCBY
Fax
N/A
Employees
427,587
Year Founded
1984

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$209.49 billion
Cash Flow
$3.51 per share
Book Value
$29.30 per share

Miscellaneous

Outstanding Shares
17,820,314,000
Free Float
N/A
Market Cap
$208.68 billion
Optionable
Not Optionable
Beta
0.13

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Key Executives

  • Mr. Lin Liao (Age 58)
    President & Executive Chairman
    Comp: $126.57k
  • Mr. Jingwu Wang (Age 58)
    Senior Executive VP, Chief Risk Officer & Executive Director
    Comp: $116.09k
  • Ms. Yan Xiong (Age 60)
    Chief Business Officer
    Comp: $188.29k
  • Mr. Jianhua Song (Age 59)
    Chief Business Officer
    Comp: $188k
  • Mr. Weiwu Zhang (Age 49)
    Senior Executive Vice President
    Comp: $116.09k
  • Dr. Xueqing Guan (Age 61)
    Board Secretary & Company Secretary
    Comp: $195.51k
  • Mr. Zou Xin
    General Manager of Corporate Strategy & Investor Relations
  • Mr. Li Huang (Age 60)
    Head of Beijing Branch & Employee Supervisor
  • Mr. Hongtao Duan (Age 55)
    Senior Executive Vice President
    Comp: $116.09k
  • Mr. Fenglin Tian (Age 57)
    Chief Business Officer

Should I Buy Industrial and Commercial Bank of China Stock? IDCBY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Industrial and Commercial Bank of China Limited:

  • Industrial and Commercial Bank of China has a market cap of $203.69 billion, indicating its significant size and stability in the market.
  • The company offers a diverse range of banking products and services, catering to both corporate and individual customers, which can provide multiple revenue streams.
  • Recent short interest in the stock has surged by 884.7% in July, potentially indicating increased investor interest and momentum in the stock.
  • With a PE ratio of 3.98, the stock may be considered undervalued compared to industry peers, presenting a potential value investment opportunity.
  • Industrial and Commercial Bank of China operates internationally, providing exposure to different markets and potentially reducing geographic risk.

Cons

Investors should be bearish about investing in Industrial and Commercial Bank of China Limited for these reasons:

  • The stock's one year high of $12.15 may indicate limited potential for significant short-term capital appreciation.
  • While the company has a diverse range of services, heavy reliance on the banking sector can expose it to regulatory changes and economic fluctuations.
  • Dividend cuts by the company, as seen recently, may deter income-focused investors looking for stable dividend payouts.
  • The stock's beta of 0.13 suggests low volatility compared to the market, potentially limiting short-term trading opportunities for more aggressive investors.
  • Investors should be cautious of the days-to-cover ratio of 0.8 days, which may indicate potential volatility in the stock due to short interest.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, August 18, 2024. Please send any questions or comments about these Industrial and Commercial Bank of China pros and cons to contact@marketbeat.com.

IDCBY Stock Analysis - Frequently Asked Questions

How have IDCBY shares performed this year?

Industrial and Commercial Bank of China's stock was trading at $9.72 on January 1st, 2024. Since then, IDCBY stock has increased by 20.5% and is now trading at $11.71.
View the best growth stocks for 2024 here
.

How do I buy shares of Industrial and Commercial Bank of China?

Shares of IDCBY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:IDCBY) was last updated on 8/22/2024 by MarketBeat.com Staff

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