Bank of China Stock Dives Below Key Support as Inchcape Gets Wall Street’s Blessing – What Investors Need to Know
Bank of China shares fell to $14.08 on Oct 25, dropping below the 200-day moving average after Q2 earnings missed estimates. The stock trades at a $165.8B market cap with a P/E of 5.4. S&P Global data indicates about 22.7% implied upside from current levels. Chinese banks face record-low net interest margins, with Bank of China citing low rates as a “common challenge.”
