|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||9.23 - 9.36|
|52-week range||8.04 - 10.48|
|Beta (5Y monthly)||0.63|
|PE ratio (TTM)||3.70|
|Forward dividend & yield||0.72 (7.82%)|
|Ex-dividend date||08 Jun 2021|
|1y target est||N/A|
Agricultural Bank of China Ltd (AgBank), the country's third-biggest lender by assets, reported a 14% increase in third-quarter profit as banks steadily recover from the impact of the COVID-19 pandemic. Net profit rose to 64.4 billion yuan ($10.07 billion) for the July-September quarter from 56.5 billion a year earlier, it said in an exchange filing on Thursday. The bank reported a 1.48% non-performing loan ratio at the end of the third quarter, compared with 1.5% at the end of the previous quarter.
Agriculture Bank of China (AgBank), the country's third largest lender by assets, said on Monday that it was following guidance from the central bank to clamp down on cryptocurrency trading and mining activities. AgBank is the first major state bank to make a public statement against cryptocurrencies after China's State Council, or cabinet, last month vowed to crack down on bitcoin trading and mining activities. Following a recent meeting with the People's Bank of China (PBOC), Agbank said it would conduct due diligence on clients to root out illegal activities involving cryptomining and cryptocurrency transactions.
Five of China's largest state-owned banks have reported higher first-quarter net profits, helped by a rebound in the country's economy from the coronavirus pandemic. The banks have benefited as economic activity recovers in China, with the country's GDP up 18.3% in the first quarter versus the same quarter last year. Industrial and Commercial Bank of China Ltd (ICBC), the world's largest bank by assets, reported a net profit rise of 1.5% in the quarter year-on-year.