CICHY - China Construction Bank Corporation

Other OTC - Other OTC Delayed Price. Currency in USD
17.35
+0.15 (+0.85%)
At close: 3:56PM EST
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Previous Close17.20
Open17.32
Bid0.00 x 0
Ask0.00 x 0
Day's Range17.32 - 17.40
52 Week Range14.10 - 18.54
Volume38,560
Avg. Volume103,162
Market Cap218.495B
Beta (5Y Monthly)1.37
PE Ratio (TTM)5.60
EPS (TTM)3.10
Earnings DateN/A
Forward Dividend & Yield0.89 (5.19%)
Ex-Dividend DateJun 29, 2019
1y Target EstN/A
  • BlackRock, Temasek to take majority stake in wealth management JV with CCB - sources
    Reuters

    BlackRock, Temasek to take majority stake in wealth management JV with CCB - sources

    BEIJING/SHANGHAI (Reuters) - U.S. asset manager BlackRock Inc, Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB) have agreed to set up a wealth management joint venture in China, said people with direct knowledge of the matter. A memorandum of understanding has been announced internally within BlackRock and CCB, according to the people and an internal notice seen by Reuters. The deal comes as China's government continues to open up its financial industry to foreign firms.

  • BlackRock, Temasek to take majority stake in wealth management JV with CCB: sources
    Reuters

    BlackRock, Temasek to take majority stake in wealth management JV with CCB: sources

    BEIJING/SHANGHAI (Reuters) - U.S. asset manager BlackRock Inc, Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB) have agreed to set up a wealth management joint venture in China, said people with direct knowledge of the matter. A memorandum of understanding has been announced internally within BlackRock and CCB , according to the people and an internal notice seen by Reuters. The deal comes as China's government continues to open up its financial industry to foreign firms.

  • Reuters

    UPDATE 2-China cbank warns high financial risks amid rising economic headwinds

    China needs to resolve outstanding financial risks, and must counter risks from "abnormal" market fluctuations that stem from external shocks, said the central bank on Monday, as Beijing prioritises financial stability amid increasing challenges. Financial markets are highly sensitive to global trade situations and rising uncertainties in global liquidity, said the People's Bank of China (PBOC) in its annual financial stability report, adding that it will step up real-time supervision on stock, bond, foreign exchange markets to prevent cross-sector risk contamination. Beijing has stepped up daily supervisions and assessment on potential "black swan" and "grey rhino" events that may occur in the future and has prepared contingency plans, as downward pressure on the economy rises, said the PBOC.

  • Moody's

    China Construction Bank (Europe) S.A. -- Moody's announces completion of a periodic review of ratings of China Construction Bank (Europe) S.A.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of China Construction Bank (Europe) S.A. Paris, November 18, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of China Construction Bank (Europe) S.A. and other ratings that are associated with the same analytical unit. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Moody's

    China Construction Bank Corp., Singapore Br. -- Moody's assigns A1 rating to senior unsecured notes issued by China Construction Bank Corporation, Singapore Branch; outlook stable

    Rating Action: Moody's assigns A1 rating to senior unsecured notes issued by China Construction Bank Corporation, Singapore Branch; outlook stable. Global Credit Research- 07 Nov 2019. Hong Kong, November ...

  • Norwegian Air shares jump as fleet deal, earnings ease pressure
    Reuters

    Norwegian Air shares jump as fleet deal, earnings ease pressure

    Norwegian Air unveiled higher-than-expected earnings and a deal to offload 27 new Airbus jets, sending its shares sharply higher on hopes that the low-cost carrier can avoid becoming the latest in a series of airline collapses. The carrier on Thursday posted third-quarter net income of 1.67 billion crowns (£141.9 million), raised its 2019 savings goal and outlined plans to cut capacity while increasing operating profit by 4 billion crowns over two years. Under a long-awaited joint venture, Norwegian will sell its A320 NEO planes on order from Airbus to a new leasing company 70% owned by China Construction Bank , generating a much-needed cash profit on each aircraft due in 2020-2023.

  • Moody's

    China Construction Bank Corp., Luxembourg Br. -- Moody's assigns A1 rating to green bonds issued by China Construction Bank's two branches; outlook stable

    Rating Action: Moody's assigns A1 rating to green bonds issued by China Construction Bank's two branches; outlook stable. Global Credit Research- 21 Oct 2019. Hong Kong, October 21, 2019-- Moody's Investors ...

  • Moody's

    CCB Financial Leasing Corporation Ltd. -- Moody's announces completion of a periodic review of ratings of CCB Financial Leasing Corporation Ltd.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CCB Financial Leasing Corporation Ltd. Hong Kong, September 06, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CCB Financial Leasing Corporation Ltd. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • China's banks face earnings squeeze due to rate reform, trade war uncertainty
    Reuters

    China's banks face earnings squeeze due to rate reform, trade war uncertainty

    BEIJING/SHANGHAI (Reuters) - China's banks face pressure on earnings and asset quality in the coming months as interest rate reforms squeeze margins and a Chinese-U.S. trade war adds to economic uncertainty. Three of the nation's top listed banks this week each reported a profit rise of nearly 5% in the first half of the year, but warned they faced headwind. "The trade war causes uncertainty, and there is downward pressure on the economy," Gu Shu, president of the world's largest commercial lender, Industrial and Commercial Bank of China (ICBC), told a news conference on Thursday.

  • Moody's

    China Construction Bank (New Zealand) Limited -- Moody's announces completion of a periodic review of ratings of China Construction Bank (New Zealand) Limited

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of China Construction Bank (New Zealand) Limited and other ratings that are associated with the same analytical unit. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Moody's

    China Construction Bank Corp., Hong Kong Br. -- Moody's assigns A1 rating to senior unsecured notes to be issued by two branches of China Construction Bank; outlook stable

    Rating Action: Moody's assigns A1 rating to senior unsecured notes to be issued by two branches of China Construction Bank; outlook stable. Global Credit Research- 21 Jun 2019. Hong Kong, June 21, 2019-- ...

  • Moody's

    State Elite Global Limited -- Moody's announces completion of a periodic review of ratings of China Construction Bank Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of China Construction Bank Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Reuters

    China Construction Bank posts 4.2 pct Q1 profit rise, misses estimates

    BEIJING/SINGAPORE, April 29 (Reuters) - China Construction Bank Ltd (CCB), the country's second-largest lender by assets, posted a lower than expected 4.2 percent increase in first-quarter profit as its ...

  • Reuters

    Malaysia's Proton to get $455 mln financing from China Construction Bank

    Malaysia's national carmaker Proton has secured 1.88 billion ringgit ($455.10 million) in banking facilities from China Construction Bank to fund expansion around the region, it said in a statement late Friday. The loans are earmarked for Proton's growth plans to be the number one automotive brand in Malaysia and number three in ASEAN by 2027, the company said. "Expansion to foreign markets is critical for sales growth while obtaining financing allows the company to invest in the many projects required to turn Proton into a truly global automotive brand," Chairman Syed Faisal Albar said in the statement.

  • Reuters

    China's top banks warn of 'fragile' bad loans scenario as economy slows

    BEIJING/HONG KONG (Reuters) - China's top four state-controlled banks warned bad loans could rise and interest margins would shrink industry-wide, as three of them posted their weakest quarterly profit growth in more than two years. Top lender Industrial and Commercial Bank of China (ICBC) reported flat net profit of 58.05 billion yuan ($8.63 billion) for the fourth quarter, the first time it has seen no growth in a quarter since the July-September 2016 quarter. Agricultural Bank of China Ltd (AgBank), the third-largest lender, also posted a drop of 5.4 percent on Friday in fourth-quarter net profit, its first quarterly decline since 2015.

  • Reuters

    China Construction Bank posts first quarterly profit drop since 2015

    * Profit at 40.55 bln yuan vs 43 bln yuan analyst view -Reuters calc * NPL 1.46 pct at December-end vs 1.47 pct three months prior * Net interest margin at 2.31 pct from 2.34 pct at September-end * (Adds ...

  • Reuters

    China Construction Bank's Q4 profit dips 1 pct, missing estimates

    SINGAPORE/HONG KONG, March 27 (Reuters) - China Construction Bank Corp (CCB) reported a 1 percent drop in fourth-quarter net profit on Wednesday, missing analysts' estimates. China's second-biggest lender ...