Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UBS Rates BANK OF CHINA (03988.HK) at Buy, Expects Positive Mkt Reaction to 1Q Results
Recommend 12 Positive 16 Negative 7 |
||||
|
||||
|
BANK OF CHINA (03988.HK) recorded a 4.2% YoY increase in net profit for 1Q26, broadly in line with the 4 major state-owned banks, and significantly above UBS' expectations, according to UBS' research report. Earnings resilience was supported by a solid 8.4% YoY growth in revenue, including a 7.8% rise in net interest income, a 5.6% YoY incline in net fee income, and a 12.9% growth in other non-interest income. UBS expected a positive market reaction to the results, and rated BANK OF CHINA at Buy, with a target price of $5.9. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
