China Merchants Bank (OTCMKTS:CIHKY) Announces Quarterly Earnings Results

China Merchants Bank (OTCMKTS:CIHKY) released its quarterly earnings results on Tuesday. The company reported $0.87 earnings per share for the quarter, Zacks reports. China Merchants Bank had a return on equity of 13.27% and a net margin of 30.16%. The firm had revenue of $11.68 billion during the quarter.

China Merchants Bank Stock Down 7.8 %

China Merchants Bank stock opened at $29.28 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. China Merchants Bank has a 1-year low of $18.20 and a 1-year high of $33.17. The company has a fifty day simple moving average of $28.90 and a 200 day simple moving average of $25.76. The company has a market cap of $147.69 billion, a P/E ratio of 7.53 and a beta of 0.30.

About China Merchants Bank

China Merchants Bank Co, Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels.