Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Nomura: CN Banks 1Q24 Profit Basically in Line; PPoP Beats
Recommend 43 Positive 69 Negative 42 |
||||
|
||||
|
Chinese banks' 1Q24 earnings were basically in line with expectations, with the average net profit of Chinese banks Nomura covers falling 2% YoY, mainly due to the narrowing of net interest margins and a slowdown in the growth of fee income during the period, Nomura released a research report saying. However, earnings growth varied widely among banks. The PPoP of CCB (00939.HK), ABC (01288.HK) and ICBC (01398.HK) beat the market's expectation, while the results performance of PSBC (01658.HK) and CM BANK (03968.HK) were relatively disappointing, particularly in terms of fee income, according to Nomura. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
