Bank Of China (BACHF) Stock Surges 8.33% on OTC Market

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Bank Of China Ltd (BACHF, Financial) experienced a significant stock price surge of 8.33% on the U.S. OTC market. The stock price reached $0.520 per share with a trading volume of 227,500 shares. The stock's turnover rate and amplitude remained at 0.00%.

Recent financial reports reveal that Bank Of China achieved $42.694 billion in revenue and a net profit of $8.645 billion, with an earnings per share (EPS) of $0.03. The company's price-to-earnings (P/E) ratio stands at 4.80. Currently, there are no institutional ratings such as buy, hold, or sell for this stock.

In the broader banking sector of the OTC market, there was a slight overall decline of 0.27%. Notably, stocks such as Better Home & Finance Holding, Shf Holdings, and Kentucky First Bank saw significant increases. Meanwhile, Central Plains Bancshares, Uwm Holdings, and Triumph Financial showed high trading activity. Stocks with notable volatility include Better Home & Finance Holding, Fanhua Financial, and Summit State Bank.

Established in 1912 and headquartered in Beijing, Bank Of China Ltd is a state-owned bank engaged in central banking and international forex trading. Listed on the Hong Kong and Shanghai stock exchanges since 2006, it offers comprehensive financial services to Greater China and international clients. Central Huijin Investment Ltd is its largest shareholder with 64% ownership. The bank boasts a broad global presence in 64 countries and regions.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.