Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>BofAS Adds ABC's TP to $5.2, Rating Buy
Recommend 2 Positive 2 Negative 4 |
||||
|
||||
|
ABC (01288.HK)'s 1Q25 net profit rose by 2.2% YoY, core earnings edged down by 0.3% YoY, and CET1 ratio dipped by 19 bps QoQ to 11.2%, BofA Securities issued a research report saying. Its 1Q ROE also inched down by 0.7 ppts YoY to 10.3%. In light of the clarity of capital injection by the nation-owned banks and the possibility of trade tensions escalating to their peak, BofA Securities lifted its target price for ABC to $5.2 from $4.93 and reiterated the Buy rating. It was upbeat about the bank's growth to outpace that of its peers. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
