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Bank of China
(OTC:BACHY)
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Rating:74Outperform
Price Target:
$21.50
▲(21.33% Upside)
Action:Reiterated
Date:09/15/26
The score is driven primarily by solid financial performance with strong recent cash generation, though tempered by a notable step-up in leverage and historical volatility. Valuation is a clear positive with a low P/E and strong dividend yield. Technicals support the uptrend but overbought signals raise near-term risk. Earnings call tone and guidance were constructive, highlighting stable asset quality and improving shareholder returns while acknowledging yield and risk-management pressures.
Positive Factors
Global and cross-border franchise
Bank of China’s broad international network and substantial overseas profit contribution support a durable cross-border franchise. Its RMB clearing leadership and global services can deepen relationships with multinational clients and benefit from continued international trade and RMB usage.
Negative Factors
Higher balance-sheet leverage
The sharp increase in debt-to-equity signals a meaningful rise in balance-sheet risk relative to recent periods. Higher leverage can reduce capital flexibility, increase sensitivity to credit deterioration, and constrain the bank’s room to pursue growth or absorb unexpected losses.
Read all positive and negative factors
Positive Factors
Negative Factors
Global and cross-border franchise
Bank of China’s broad international network and substantial overseas profit contribution support a durable cross-border franchise. Its RMB clearing leadership and global services can deepen relationships with multinational clients and benefit from continued international trade and RMB usage.
Read all positive factors
Bank of China (BACHY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$294.51B
Dividend Yield4.22%
Average Volume (3M)8.71K
Price to Earnings (P/E)8.2
Beta (1Y)-0.07
Revenue Growth1.73%
EPS Growth1.51%
CountryUS
Employees313,746
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)19.50
Shares Outstanding3,344,891,000
10 Day Avg. Volume4,552
30 Day Avg. Volume8,706
Financial Highlights & Ratios
PEG Ratio-2.05
Price to Book (P/B)0.44
Price to Sales (P/S)1.09
P/FCF Ratio1.75
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.82
Revenue Forecast (FY)$102.51B
Bank of China Business Overview & Revenue Model
Company Description
Bank of China Limited, alongside its numerous subsidiaries, offers a comprehensive range of banking and financial services, organized into six primary divisions: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insuran...
How the Company Makes Money
Bank of China primarily generates revenue from (1) net interest income and (2) non-interest income. Net interest income is earned from the spread between interest received on interest-earning assets (such as corporate loans, mortgages and other co...
Bank of China Earnings Call Summary
Earnings Call Date:Aug 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 31, 2026
Earnings Call Sentiment Positive
The call was strongly positive overall. BOC reported steady revenue and profit growth, stable NIM, improving asset quality, stronger capital, higher proposed shareholder distributions, expanding global operations, and broad growth across technology finance, green finance, non-interest income, custody, consumption support, and digital transformation. Management also acknowledged asset-yield and deposit-cost pressures, uncertain U.S. dollar interest rates, and the need to monitor personal-loan, corporate, and overseas concentration risks, but described risk resilience and the outlook for asset quality as adequate and stable.Positive Updates
Steady First-Half Financial Growth
In the first half of 2026, operating revenue was RMB 357.1 billion and profit before provision was RMB 230.4 billion, increasing by 8.41% and 9.77%, respectively. Net profit attributable to shareholders of the bank grew by 4.67% and 5.10%, respectively, with the growth rate achieving quarter-on-quarter growth since 2025.
Negative Updates
Pressure on Overall Asset Yield
Management stated that while RMB new-loan interest rates were stabilizing, the overall asset yield was under pressure when credit was slowing down and asset quality was improving.
Read all updates
Q2-2026 Updates
Positive
Negative
Steady First-Half Financial Growth
In the first half of 2026, operating revenue was RMB 357.1 billion and profit before provision was RMB 230.4 billion, increasing by 8.41% and 9.77%, respectively. Net profit attributable to shareholders of the bank grew by 4.67% and 5.10%, respectively, with the growth rate achieving quarter-on-quarter growth since 2025.
Read all positive updates
Company Guidance
For the second half of 2026, BOC will maintain domestic RMB loan growth “higher than average,” focus loan support on tech innovations, green development, and mid to long-term manufacturing, continue overseas loan extension with smart manufacturing, renewable energy, new materials, and the biopharmaceutical industry as key industries, expand low cost funding sources, optimize deposit structures, and “continuously lower” deposit cost; it expects high yield businesses to “gradually grow,” foreign currency NIM contribution to continue, and overseas institution net profit contribution during the 15th Five-Year Plan period to “make new breakthroughs.” BOC will focus on seven priority tasks, implement specific projects under its next five years of development, maintain “stable asset quality throughout 2026,” adhere to “prudential provision making,” and guard the bottom line of “no systemic financial risks.” To mark the 20th anniversary of its IPO, it suggested increasing the payout ratio to 31% and declared a cash dividend of CNY 1.19 per 10 share.Bank of China Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
56
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.22T | 1.22T | 531.26B | 518.28B | 488.48B | 503.06B |
| Gross Profit | 623.34B | 657.18B | 531.26B | 518.28B | 584.72B | 604.08B |
| EBITDA | 315.08B | 329.32B | 324.18B | 326.02B | 312.51B | 302.94B |
| Net Income | 248.49B | 243.02B | 237.84B | 231.90B | 226.52B | 216.56B |
Balance Sheet | ||||||
| Total Assets | 40.20T | 38.36T | 35.06T | 32.43T | 28.91T | 26.72T |
| Cash, Cash Equivalents and Short-Term Investments | 2.48T | 5.09T | 4.14T | 2.27T | 4.10T | 3.90T |
| Total Debt | 6.79T | 2.78T | 1.03T | 907.17B | 1.89T | 1.72T |
| Total Liabilities | 37.21T | 35.15T | 32.11T | 29.68T | 26.33T | 24.37T |
| Stockholders Equity | 2.85T | 3.06T | 2.82T | 2.63T | 2.43T | 2.23T |
Cash Flow | ||||||
| Free Cash Flow | 879.65B | 760.76B | 523.73B | 787.30B | -39.08B | 813.09B |
| Operating Cash Flow | 942.25B | 812.03B | 550.97B | 816.45B | -11.34B | 843.26B |
| Investing Cash Flow | -1.19T | -1.07T | -805.99B | -539.43B | -11.72B | -395.56B |
| Financing Cash Flow | -308.84B | 188.63B | 111.86B | 2.78T | 2.07T | 74.34B |
Bank of China Technical Analysis
Positive
17.72
Price Trends
18.02
Positive
17.17
Positive
15.96
Positive
Market Momentum
0.37
Positive
62.19
Neutral
78.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BACHY, the sentiment is Positive. The current price of 17.72 is below the 20-day moving average (MA) of 19.14, below the 50-day MA of 18.02, and above the 200-day MA of 15.96, indicating a bullish trend. The MACD of 0.37 indicates Positive momentum. The RSI at 62.19 is Neutral, neither overbought nor oversold. The STOCH value of 78.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BACHY.
Bank of China Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $890.44B | 14.22 | 17.81% | 1.81% | 8.20% | 19.76% | |
76 Outperform | $384.32B | 12.34 | 11.13% | 2.13% | -1.71% | 27.92% | |
74 Outperform | $294.51B | 8.21 | 8.41% | 4.22% | 1.73% | 1.51% | |
72 Outperform | $343.22B | 14.09 | 13.03% | 3.77% | -5.19% | 39.48% | |
68 Neutral | $253.94B | 15.20 | 12.34% | 2.63% | 7.56% | 43.28% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $219.41B | 13.74 | 8.41% | 1.91% | 3.91% | 37.25% |
* Financial Sector Average
BACHY
Bank of China
19.39
6.23
47.34%
BAC
Bank of America
54.43
4.81
9.69%
C
Citigroup
129.48
32.81
33.95%
HSBC
HSBC Holdings
99.31
31.08
45.55%
JPM
JPMorgan Chase
330.83
25.95
8.51%
MUFG
Mitsubishi UFJ
23.07
7.42
47.41%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.