Shanghai Commercial & Savings Bank Second Quarter 2024 Earnings: EPS: NT$0.31 (vs NT$1.14 in 2Q 2023)

Shanghai Commercial & Savings Bank (TWSE:5876) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$5.61b (down 56% from 2Q 2023).
• Net income: NT$1.47b (down 73% from 2Q 2023).
• Profit margin: 26% (down from 43% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: NT$0.31 (down from NT$1.14 in 2Q 2023).

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

Shanghai Commercial & Savings Bank Earnings Insights

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 4.1% decline forecast for the Banks industry in Taiwan.

Performance of the Taiwanese Banks industry.

The company's shares are up 4.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Shanghai Commercial & Savings Bank's balance sheet and an in-depth analysis of the company's financial position.

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