Bank of Communications Co., Ltd. (BCMXY) Research

Bank of Communications Co., Ltd. (BCMXY) operates as a comprehensive commercial bank, providing a wide array of financial solutions. Its operations are organized into four core divisions: Corporate Banking, Personal Banking, Treasury Businesses, and Other Businesses. For individual customers, the bank offers diverse deposit products, including savings accounts, personal certificates of deposit, foreign currency accounts, and salary financing options. It also facilitates mortgage and unsecured loans, issues bank cards, and delivers personal wealth management advisory services, even extending to airport locations. Furthermore, clients can access physical precious metals, structured deposits, and other wealth management products, alongside engaging in precious metal and commodity trading. Corporate clients benefit from structured deposits, corporate certificates of deposit, syndicated loans, and overdraft facilities. The institution provides extensive wealth management, investment banking, and offshore banking services. Specific corporate solutions include cash management, industrial chain financing, structured products, precious metal leasing, and precious metal and commodity trading services. The bank's international services encompass corporate forex wealth management, document settlement, remittance and bill processing, and trade finance, complemented by interbank financing. Beyond these core banking functions, Bank of Communications also engages in a broad spectrum of financial activities, such as financial leasing, trust investments, fund management, life insurance, general insurance, and reinsurance. Additional offerings include securities dealing and brokerage, debt-to-equity swaps, and financial product issuance and consulting. As of December 31, 2021, the bank maintained a substantial presence with 248 branches across Mainland China. Its global reach extended to 69 operating outlets, comprising 23 overseas branches and representative offices situated in 18 different countries and regions. Founded in 1908, the company's headquarters are located in Shanghai, People's Republic of China.

Market snapshot

Symbol
BCMXY
Price
$23.40
Day change
-0.30%
Market cap
$590.3B
P/E ratio
6.12x
52-week range
20.024-25.8
Sector
Financial Services
Industry
Banks - Diversified
Next earnings
in 3 months

Peer companies

  • ANZ Group Holdings Limited (ANZGY)
  • Barclays PLC (BCLYF)
  • China CITIC Bank Corporation Limited (CHBJF)
  • China CITIC Bank Corporation Limited (CHCJY)
  • Crédit Agricole S.A. (CRARF)
  • ING Groep N.V. (INGVF)
  • Lloyds Banking Group plc (LLDTF)
  • Oversea-Chinese Banking Corporation Limited (OVCHF)

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