October 27, 2010 (Chinavestor) Bank of China (HKG:3988), the second largest lender in Asia's largest economy, reported third quarter net income to reach RMB28.585 billion ($4.187 billion), representing an increase of 29% YoY. Just as impressive, accumulated net income for the first nine months of the year amounted to RMB82.960 billion ($12.152 billion), up 27.4% YoY.
Western investors may wonder how these numbers measure up against U.S. giants? This article is going to compare profitability of some of the most profitable financial institutions, Wells Fargo (NYSE:WSF) and Goldman Sachs (NYSE:GS), with their Chinese counterparts like Industrial and Commercial Bank of China (HKG:1398) and Bank of China (HKG:3988).
July 15, 2010 (Chinavestor) Agricultural Bank of China (SHA:601288), the last of China's major banks to sell shares to the public, gained just 0.8% in its debut in Shanghai, lagging the performance...
June 4, 2010 (Chinavestor) Shares of China Finance Online (NASDAQ:JRJC) surged 6% on Friday by 1:00 P.M. while the market experienced a broad sell-off after disappointing jobs data. China Finance Onl...
May 24, 2010 (Chinavestor) Shares of Chinese financial software provider, Longtop Financial (NYSE:LFT), soared 11.3% by 1:00 P.M. on Monday following a better-than-expected 2010 fourth quarter ...
March 24, 2010 (Chinavestor) Bank of China (HKG:3988) (SHA:601988), the second largest Chinese financial institution, reported a sound 2009 financial report. Revenues, net income, EPS and dividend...
