Should I buy or sell Industrial and Commercial Bank of China stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Industrial and Commercial Bank of China in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" IDCBY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IDCBY, but not buy additional shares or sell existing shares. View IDCBY analyst ratings or view top-rated stocks .

How have IDCBY shares performed in 2023?

Industrial and Commercial Bank of China's stock was trading at $10.18 at the start of the year. Since then, IDCBY shares have decreased by 4.5% and is now trading at $9.72. View the best growth stocks for 2023 here .

Are investors shorting Industrial and Commercial Bank of China?

Industrial and Commercial Bank of China saw a drop in short interest during the month of December. As of December 15th, there was short interest totaling 12,200 shares, a drop of 41.1% from the November 30th total of 20,700 shares. Based on an average daily trading volume, of 210,600 shares, the days-to-cover ratio is currently 0.1 days. View Industrial and Commercial Bank of China's Short Interest .

How often does Industrial and Commercial Bank of China pay dividends? What is the dividend yield for Industrial and Commercial Bank of China?

Industrial and Commercial Bank of China announced a dividend on Monday, June 26th. Stockholders of record on Friday, July 7th will be paid a dividend of $0.7104 per share on Friday, September 1st. The ex-dividend date is Thursday, July 6th. Read our dividend analysis for IDCBY .

Is Industrial and Commercial Bank of China a good dividend stock?

Industrial and Commercial Bank of China (OTCMKTS:IDCBY) pays an annual dividend of $0.71 per share and currently has a dividend yield of 7.27%. IDCBY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 25.18%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for IDCBY .

How do I buy shares of Industrial and Commercial Bank of China?

Shares of IDCBY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:IDCBY

Industrial and Commercial Bank of China (IDCBY) Stock Price, News & Analysis

$9.72

+0.10 (+1.04%)

(As of 12/29/2023 ET)

Compare

Today's Range: $9.66
▼
$9.75
50-Day Range: $9.20
▼
$9.86
52-Week Range: $8.50
▼
$11.90

Volume: 53,492 shs
Average Volume: 107,539 shs
Market Capitalization: $173.21 billion

P/E Ratio: 3.45
Dividend Yield: 7.30%
Price Target: N/A

Stock Analysis Analyst Forecasts Chart Dividend Earnings Financials Headlines SEC Filings Short Interest

About Industrial and Commercial Bank of China Stock (OTCMKTS:IDCBY)

Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services to corporations, government agencies, and financial institutions. Its products and services include trade financing, deposit, corporate wealth management, custody, and various corporate intermediary services, as well as corporate loans. Its Personal Banking segment provides financial products and services to individual customers. This segment's products and services comprise personal loans and cards, deposits, and personal wealth management and intermediary services. The Treasury Business segment is involved in the money market transactions, investment securities, and proprietary and foreign exchange transactions businesses. It also offers e-banking services, investment banking, financial leasing, and insurance services. Industrial and Commercial Bank of China Limited was incorporated in 1984 and is based in Beijing, the People's Republic of China.

IDCBY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

IDCBY Stock News Headlines

December 21, 2023 | finance.yahoo.com

China’s Big Banks Cut Deposit Rates as Growth Plateaus

November 26, 2023 | finance.yahoo.com

ICBC’s Entree Onto Wall Street Looked Like a Bargain—Until Hackers Crippled Its U.S. Unit

December 31, 2023 | MarketBeat Internal (Ad)

MarketBeat All Access New Year's Sale - Just $1.00

Access our premier research platform that includes MarketBeat Daily Premium, portfolio monitoring tools, stock screeners, research tools, a real-time news feed, email and SMS alerts, the MarketBeat Idea Engine, proprietary brokerage rankings, extended data export tools and much more. Save 75% Your 2024 Subscription. Just $1.00 for the first 30 days.

November 20, 2023 | finance.yahoo.com

20 Most Valuable Asian Companies Heading into 2024

November 19, 2023 | finance.yahoo.com

How a Hack Shook Wall Street’s Multitrillion-Dollar Foundations

November 15, 2023 | finance.yahoo.com

Barclays flags Treasuries central clearing cybersecurity risks after ICBC hack

November 15, 2023 | finance.yahoo.com

Cyber attack shines light on role of China’s largest lender in US Treasury market

November 14, 2023 | msn.com

World's Largest Bank Industrial and Commercial Bank of China's Ransomware Attack: US Authorities Flagged Hacker Methods In March

December 31, 2023 | MarketBeat Internal (Ad)

MarketBeat All Access New Year's Sale - Just $1.00

November 13, 2023 | finance.yahoo.com

ICBC paid ransom after hack that disrupted markets, cybercriminals say

November 13, 2023 | finance.yahoo.com

UPDATE 1-ICBC paid ransom after hack that disrupted markets, cybercriminals say

November 13, 2023 | finance.yahoo.com

In the Market: Inside Wall Street's scramble after ICBC hack