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<Research>UBS Rates BANK OF CHINA (03988.HK) at Buy, Expects Positive Mkt Reaction to 1Q Results
Recommend 15 Positive 19 Negative 12 |
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BANK OF CHINA (03988.HK) recorded a 4.2% YoY increase in net profit for 1Q26, broadly in line with the 4 major state-owned banks, and significantly above UBS' expectations, according to UBS' research report. Earnings resilience was supported by a solid 8.4% YoY growth in revenue, including a 7.8% rise in net interest income, a 5.6% YoY incline in net fee income, and a 12.9% growth in other non-interest income. UBS expected a positive market reaction to the results, and rated BANK OF CHINA at Buy, with a target price of $5.9. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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