Industrial and Commercial Bank of China Limited (IDCBF) Stock

About Industrial and Commercial Bank of China Limited

Industrial and Commercial Bank of China Limited (ICBC), along with its extensive network of subsidiaries, delivers a broad spectrum of banking and financial services. Its operations span the People's Republic of China and extend across international markets. The institution is primarily structured into three key operational divisions: Corporate Banking, Personal Banking, and Treasury Operations. The Corporate Banking division is dedicated to providing financial solutions for corporations, government bodies, and other financial institutions. Its comprehensive offerings include business loans, trade finance, deposit-taking, corporate wealth management, custody services, and various corporate intermediary services. The Personal Banking unit, conversely, focuses on individual clients, offering products such as personal loans, credit and debit cards, deposit accounts, and personal wealth management and intermediary services. Treasury Operations actively manages the bank's involvement in money market transactions, investment securities, foreign exchange dealings, and the management of derivative positions. Beyond these core areas, ICBC also provides digital banking solutions, investment banking, financial leasing, and insurance services. Established in 1984, the bank's headquarters are located in Beijing, People's Republic of China.

Industrial and Commercial Bank of China Limited is headquartered in CN.

Industrial and Commercial Bank of China Limited (IDCBF) stock trades at $0.92 with a market capitalization of $328.64B. The stock is valued at a price-to-earnings (P/E) ratio of 8.12, price-to-book of 0.68, price-to-sales of 2.26. Over the past 52 weeks the stock has ranged between $0.70 and $0.99, and currently trades 7.1% below its 52-week high. It pays a dividend yielding 5.43%.

On profitability, Industrial and Commercial Bank of China Limited generates a return on equity (ROE) of 9.18%, return on capital employed of 3.54%, an operating margin of 33.30%, a net profit margin of 28.71%.

In its most recent fiscal year, Industrial and Commercial Bank of China Limited reported annual revenue of $1.49T, net profit of $359.1B. Over the last 5 fiscal years, revenue grew at an average annual rate of 19.9%, and net profit grew at an average annual rate of 2.6%.

The balance sheet shows a debt-to-equity ratio of 0.72, a current ratio of 0.14, total assets of $53.50T, $3.67T in cash and equivalents. For banks and other lenders, borrowing and deposits are part of the business model, so debt-to-equity and the current ratio read differently than for other companies.

IDCBF has an average daily trading volume of 36,710 shares, a beta of 0.13 (historically less volatile than the overall market).

Official website: www.icbc-ltd.com