Bank of Communications Third Quarter 2024 Earnings: EPS: CN¥0.28 (vs CN¥0.27 in 3Q 2023)

Bank of Communications (HKG:3328) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥52.2b (up 5.6% from 3Q 2023).
• Net income: CN¥25.1b (down 5.8% from 3Q 2023).
• Profit margin: 48% (down from 54% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.28.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bank of Communications Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Banks industry in Hong Kong.

Performance of the Hong Kong Banks industry.

The company's shares are down 3.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Bank of Communications' balance sheet.

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