Industrial And Commercial Bank Of China Ltd Class A
601398: XSHG (CHN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥2.20 | Sbvkfg | Gzmjgdd |
ICBC Still Faces Significant NIM Pressures in First Half 2024
Business Strategy and Outlook
Industrial and Commercial Bank of China is China's largest bank. The bank has a long-established reputation for mass-market retail banking and enjoys low funding costs in the industry. We believe its strong deposit base and lower-than-peer deposit costs will continue to support stable funding and loan growth in the future.