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Last $26.55 HKD
Change Today -0.45 / -1.67%
Volume 3.2M
As of 4:01 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

bank of east asia (23) Snapshot

Open
$27.00
Previous Close
$27.00
Day High
$27.45
Day Low
$26.50
52 Week High
05/27/15 - $35.85
52 Week Low
08/24/15 - $25.55
Market Cap
69.5B
Average Volume 10 Days
4.5M
EPS TTM
$2.60
Shares Outstanding
2.6B
EX-Date
08/17/15
P/E TM
10.2x
Dividend
$1.06
Dividend Yield
3.99%
Current Stock Chart for BANK OF EAST ASIA (23)

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bank of east asia (23) Details

The Bank of East Asia, Limited provides various banking and related financial services. It operates through nine segments: Personal Banking, Corporate Banking, Treasury Markets, Wealth Management, Financial Institutions, Others, China Operations, Overseas Operations, and Corporate Services. The company offers various commercial and personal banking, financial, and insurance services. Its products and services include syndicated loans, trade finance, deposit-taking, foreign currency savings, remittances, mortgage loans, consumer loans, credit cards, personal and corporate Cyberbanking, retail investment services, mandatory provident fund services, and general and life insurance. The company also provides asset based finance and e-payment solutions, as well as corporate, commercial, and cross border lending services; wealth management services, including private banking, trust, and portfolio management services, as well as investment solutions; and investment services comprising securities and futures trading, foreign exchange and precious metal margin trading, and spot gold margin trading services, as well as derivative warrants/CBBC services. In addition, it offers trustee, asset management, corporate secretarial and accounting, property investment, business consultancy, money lending, facility management, Internet banking, and securities broking services, as well as business, corporate, and investor services. The company operates approximately 240 outlets in Hong Kong and the rest of Greater China, Southeast Asia, the United Kingdom, and the United States. The Bank of East Asia, Limited was incorporated in 1918 and is headquartered in Central, Hong Kong.

13,236 Employees
Last Reported Date: 08/3/15
Founded in 1918

bank of east asia (23) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $23.6M
Deputy Chief Executive Officer of China & Int...
Total Annual Compensation: $2.7M
Deputy Chief Executive Officer of Hong Kong B...
Total Annual Compensation: $2.7M
Compensation as of Fiscal Year 2014.

bank of east asia (23) Key Developments

The Bank of East Asia, Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

The Bank of East Asia, Limited announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported interest income of HKD 12,331 million against HKD 12,587 million a year ago. Net interest income was HKD 6,186 million against HKD 6,248 million a year ago. Operating income was HKD 8,699 million against HKD 9,202 million a year ago. Profit for the period before taxation was HKD 4,058 million against HKD 4,482 million a year ago. Profit attributable to owners of the parent was HKD 3,354 million against HKD 3,580 million a year ago. Basic and diluted earnings per share were HKD 1.28 against HKD 1.48 a year ago. Net cash generated from operating activities was HKD 16,608 million against net cash used in operating activities of HKD 38,827 million a year ago. Purchase of fixed assets was HKD 143 million against HKD 152 million a year ago. During the first six months of 2015, the group's net interest income decreased, primarily due to narrowing of net interest margins. Operating profit before impairment losses was HKD 4,079 million, a decrease of HKD 230 million, or 5.4%, when compared with the corresponding period in 2014.

The Bank of East Asia, Limited Declares Interim Dividend for the Six Months Ended June 30, 2015

The Bank of East Asia, Limited declared interim dividend for the six months ended June 30, 2015 was HKD 0.38 per share against HKD 0.43 per share a year ago. The 2015 interim dividend will be paid in cash with an option to receive new, fully paid shares in lieu of cash to shareholders whose names appear on the register of members of the bank at the close of business on August 20, 2015. The ex-dividend date will be on August 17, 2015. The register of members of the bank will be closed on August 19, 2015 and August 20, 2015.

The Bank of East Asia, Limited Appoints Masayuki Oku as Non-executive Director, Effective August 1, 2015

The Bank of East Asia, Limited announced the appointment of Mr. Masayuki Oku as a Non-executive Director of the Bank with effect from 1st August, 2015. Mr. Oku is Chairman of the Board of Sumitomo Mitsui Financial Group Inc. He is an Independent Non-executive Director of Panasonic Corporation, Kao Corporation, Komatsu Ltd. and Chugai Pharmaceutical Co. Ltd.

 

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23:HK $26.55 HKD -0.45

23 Competitors

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Company Last Change
Bank of America Corp $16.36 USD -0.08
ICICI Bank Ltd 283.70 INR +1.25
Standard Bank Ltd 9.40 +0.10
State Bank of India 248.95 INR -0.50
United Overseas Bank Ltd $19.75 SGD 0.00
View Industry Companies
 

Industry Analysis

23

Industry Average

Valuation 23 Industry Range
Price/Earnings 10.5x
Price/Sales 4.0x
Price/Book 0.9x
Price/Cash Flow 10.8x
TEV/Sales NM Not Meaningful
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