Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Bank of East Asia ( (HK:0023) ) just unveiled an announcement.
The Bank of East Asia announced its audited financial results for the year ending December 31, 2024, reporting a net profit of HK$4,629 million, a notable increase from HK$4,136 million in the previous year. The bank’s consistent accounting policies facilitated this growth, bolstered by increases in both interest income and non-interest income, despite facing challenges such as impairment losses and valuation losses on investment properties. This financial performance reflects the bank’s resilient market positioning and operational efficiency, potentially benefiting stakeholders by enhancing shareholder value and establishing a stronger competitive edge in the banking industry.
More about Bank of East Asia
The Bank of East Asia, Limited, founded in 1918 and incorporated in Hong Kong, is a key financial institution offering a comprehensive range of banking and financial services. It primarily focuses on serving customers in Hong Kong and Mainland China with services including personal banking, corporate banking, wealth management, and investment services.
YTD Price Performance: 2.38%
Average Trading Volume: 1,238
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.42B
For detailed information about 0023 stock, go to TipRanks’ Stock Analysis page.