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.’’

To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.