Bank of America Reiterates Neutral Rating for Bank of China (OTCMKTS:BACHY)

Bank of China (OTCMKTS:BACHY)‘s stock had its “neutral” rating reiterated by Bank of America in a research note issued on Thursday, Marketbeat reports.

Separately, The Goldman Sachs Group raised Bank of China from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

Bank of China Stock Down 0.7 %

OTCMKTS:BACHY opened at $14.67 on Thursday. Bank of China has a twelve month low of $10.14 and a twelve month high of $15.43. The stock’s 50-day simple moving average is $13.87 and its 200 day simple moving average is $12.64. The firm has a market capitalization of $172.75 billion, a PE ratio of 5.75 and a beta of 0.18.

Bank of China (OTCMKTS:BACHY) last announced its quarterly earnings results on Wednesday, March 26th. The bank reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $17.82 billion for the quarter, compared to analyst estimates of $130.61 billion. Bank of China had a net margin of 17.35% and a return on equity of 7.81%.

Bank of China Company Profile

Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. It operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other.