Huatai’s Xu ‘Bullish’ on ICBC’s Earnings This Quarter and Next

Xu Guoyu, an analyst at Huatai Securities Co., comments on the outlook for Industrial & Commercial Bank of China (601398) Ltd., the nation’s biggest lender, after its shares climbed today. Xu spoke by phone from Nanjing.

“ICBC is a solid bank that may be on the rebound path. We are bullish on its second- and third-quarter performance.

‘‘ICBC has enough of a deposit cushion to help it meet regulators’ loan-to-deposit requirements.’’

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