China's Big Banks Post Scant Profit Gains as Margins Shrink [BNN Bloomberg (Canada)]
AGRICULTURAL B/C UNSP/ADR (ACGBY)
NASDAQ:AMEX Investor Relations:
abchina.com/en/investor-relations
Company Research
Source: BNN Bloomberg
Net income at Agricultural Bank of China Ltd. grew 3.9% to 269.36 billion yuan ($37.3 billion), it said in a Thursday filing. Bank of China Ltd. reported earnings rose 2.4% to 231.9 billion yuan. The reports followed similar results and margin contractions at peers Industrial & Commercial Bank of China Ltd. and Bank of Communications Co. on Wednesday. The nation's largest state-owned banks are struggling to maintain growth in the past year as they followed Beijing's order to help pump up the domestic economy as well as rescue its debt-laden property developers and local governments. China's slowing economy has put downward pressure on interest rates, and the nation's protracted property downturn shows few signs of improvement with deepened home price declines and more developers in distress, ratcheting up the challenge for authorities. Agbank's net interest margin narrowed to 1.6% from 1.9% while its non-performing loans ratio fell to 1.33% from 1.37%. Bank of China's net inter
Show less
Read more
Impact Snapshot
Event Time:
ACGBY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ACGBY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ACGBY alerts
High impacting AGRICULTURAL B/C UNSP/ADR news events
Weekly update
A roundup of the hottest topics