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<Research>JPM: ICBC (01398.HK) 3Q Results Slightly Beat
ICBC (01398.HK)'s 3Q24 results slightly beat, with revenues, PPoP and net profits increasing by 1%, 2% and 4% YoY, respectively, topping the broker's expectations by 5 ppts...
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<Research>JPM: ICBC (01398.HK) 3Q Results Slightly Beat
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ICBC (01398.HK)  +0.090 (+1.931%)    Short selling $289.14M; Ratio 18.799%   's 3Q24 results slightly beat, with revenues, PPoP and net profits increasing by 1%, 2% and 4% YoY, respectively, topping the broker's expectations by 5 ppts, 9 ppts and 4 ppts, JP Morgan released a report stating. Therefore, ICBC's rating of Neutral was maintained.

JP Morgan believed that ICBC's revenue growth improved in 3Q24, mainly due to robust non-fee income and moderating NII shrinkage. However, fee income growth lagged behind peers, while the management also expected the NIM to continue to narrow in 2025.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-01 16:25.)

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