ICBC traded at 7.51 this Wednesday August 5th, decreasing 0.15 or 1.96 percent since the previous trading session. Looking back, over the last four weeks, ICBC lost 5.48 percent. Over the last 12 months, its price fell by 3.22 percent. Looking ahead, we forecast ICBC to be priced at 7.80 by the end of this quarter and at 7.24 in one year, according to Trading Economics global macro models projections and analysts expectations.
Industrial and Commercial Bank of China Ltd is a China-based company principally engaged in the provision of banking and related financial services. The Bank mainly operates three segments, including Corporate Banking segment, Personal Banking segment and Treasury segment. The Corporate Banking segment provides loan, trade financing, deposit, corporate finance, custody and other related financial products and services to enterprises, government agencies and financial institutions. The Personal Banking segment provides loan, deposit, bank card, personal finance and other related financial products and services to individual customers. Treasury segment includes money markets business, securities investment business, self and valet foreign exchange trading and derivative financial instruments business. The Company conducts its businesses within domestic and overseas markets.