Bank of China (3988) Stock Overview
Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
No risks detected for 3988 from our risk checks.
3988 Community Fair Values
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Analyst Price Targets
Top Community Narratives
HK$5.69
FV
6.5% undervalued intrinsic discount6.50%
Revenue growth p.a.
67
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Bank of China Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$5.32 |
| 52 Week High | HK$5.61 |
| 52 Week Low | HK$4.11 |
| Beta | 0.11 |
| 1 Month Change | 2.11% |
| 3 Month Change | 13.92% |
| 1 Year Change | 15.90% |
| 3 Year Change | 69.97% |
| 5 Year Change | 88.65% |
| Change since IPO | 56.47% |
Recent News & Updates
Narrative Update • Jun 03
3988: Higher Profitability Assumptions Will Temper Share Return Potential
Analysts have revised their HK$ fair value estimate for Bank of China to HK$5.25 from HK$3.77, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E levels. What's in the News A board meeting is scheduled for March 30, 2026 to consider and approve the audited consolidated financial statements for the year ended December 31, 2025, and to review a recommendation on final dividend distribution.
New Narrative • May 17
BOC is the most internationally oriented Chinese bank
INVESTMENT MEMORANDUM CENTRAL HUIJIN INVESTMENT LTD. 1.
Narrative Update • May 03
3988: Rising Margins And Upcoming Dividend Will Support Future Share Performance
Analysts have lifted their HK$ price target for Bank of China by around 7%, citing updated assumptions that include modestly higher revenue growth, slightly improved profit margins, a small adjustment to the discount rate and a lower future P/E multiple. What's in the News Board meeting scheduled for Feb 13, 2026, to review the 2026 fixed asset investment budget and consider appointing Zhang Hui as Chief Compliance Officer (company event filing).Recent updates
Narrative Update • Jun 03
3988: Higher Profitability Assumptions Will Temper Share Return Potential
Analysts have revised their HK$ fair value estimate for Bank of China to HK$5.25 from HK$3.77, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E levels. What's in the News A board meeting is scheduled for March 30, 2026 to consider and approve the audited consolidated financial statements for the year ended December 31, 2025, and to review a recommendation on final dividend distribution.New Narrative • May 17
BOC is the most internationally oriented Chinese bank
INVESTMENT MEMORANDUM CENTRAL HUIJIN INVESTMENT LTD. 1.Narrative Update • May 03
3988: Rising Margins And Upcoming Dividend Will Support Future Share Performance
Analysts have lifted their HK$ price target for Bank of China by around 7%, citing updated assumptions that include modestly higher revenue growth, slightly improved profit margins, a small adjustment to the discount rate and a lower future P/E multiple. What's in the News Board meeting scheduled for Feb 13, 2026, to review the 2026 fixed asset investment budget and consider appointing Zhang Hui as Chief Compliance Officer (company event filing).
Narrative Update • Apr 19
3988: Dividend Policy And Governance Appointments Will Support Higher Future Returns
Analysts have nudged their HK$ price target on Bank of China slightly higher, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E expectations. What's in the News A board meeting is scheduled for February 13, 2026, to review the 2026 fixed asset investment budget and to consider appointing Zhang Hui as Chief Compliance Officer (Key Developments).Narrative Update • Apr 05
3988: Dividend Policy And Margin Outlook Will Support Higher Future Returns
Analysts have lifted their HK$ fair value estimate for Bank of China from about HK$6.51 to around HK$6.71, reflecting updated assumptions that include a slightly lower discount rate, adjusted revenue growth expectations, a higher profit margin outlook, and a more compressed future P/E. What's in the News The board has recommended a final dividend on ordinary shares for 2025 of RMB 1.169 per 10 shares before tax, subject to shareholder approval, with payment to eligible A and H share investors after the register closes on 9 July 2026 (Key Developments).Narrative Update • Mar 21
3988: Upcoming Board Decisions Will Support Higher Fair Value
Analysts have made a small upward adjustment to their HK$ price target for Bank of China, reflecting slightly higher fair value and revenue growth assumptions, along with a marginally lower profit margin and future P/E outlook. What's in the News A board meeting is scheduled for Mar 30, 2026 to review and approve the audited consolidated financial statements for the year ended Dec 31, 2025 and to consider a recommendation on the final dividend distribution (Key Developments).Narrative Update • Mar 07
3988: Lower Discount Rate And Board Actions Will Support Higher Fair Value
Analysts have modestly raised their HK$ price target on Bank of China, citing updated assumptions that reflect slightly higher projected revenue growth, a small adjustment to profit margins, and a marginally lower P/E multiple in their models. What's in the News Board meeting scheduled for Mar 3, 2026, to consider appointing Ms. Huang Xueling as Executive Vice President of the bank (Key Developments) Board meeting scheduled for Feb 13, 2026, to review the 2026 fixed asset investment budget and consider the concurrent appointment of Mr. Zhang Hui as Chief Compliance Officer (Key Developments) Board meeting held on Dec 19, 2025, to review the information disclosure policy; rules on securities transactions by directors and senior management; the cap on routine connected transactions with China CITIC Financial Asset Management Co., Ltd.Narrative Update • Feb 21
3988: Slightly Softer Margins And P E Multiple Will Limit Share Upside
Analysts have made a small upward adjustment to their HK$ fair value estimate for Bank of China. They cite updated assumptions for the discount rate, revenue growth, profit margin and future P/E, which together support a slightly higher price target.Narrative Update • Feb 06
3988: Interim Dividend And Slightly Stronger Margins Will Support Future Share Performance
Analysts have nudged their price target on Bank of China higher, reflecting a fair value estimate that now sits modestly above the prior level, tied to small adjustments in the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News A board meeting is scheduled for December 19, 2025 to review the Information Disclosure Policy of Bank of China Limited and the Management Rules on Securities Transactions by directors and senior management (company filing).Narrative Update • Jan 23
3988: Lower Future P/E And Margin Assumptions Will Constrain Upside Potential
Analysts have made a small upward adjustment to their fair value estimate for Bank of China to about US$3.77 per share. This reflects updated assumptions for revenue growth, profit margin and future P/E, while applying a slightly lower discount rate.Narrative Update • Jan 09
3988: Future P/E Repricing Will Support Upgraded Fair Value Estimate
Analysts have lifted their fair value estimate for Bank of China from US$5.93 to US$6.34, reflecting updated assumptions around discount rates, revenue growth, profit margins, and an expected future P/E of about 11.3x. What's in the News A board meeting is scheduled for December 19, 2025, to review the information disclosure policy; rules on securities transactions by directors and senior management; routine connected transactions with China CITIC Financial Asset Management entities; matters related to International Holdings Limited under Shanghai Stock Exchange rules; and remuneration plans for executive directors and senior management for 2024 (Key Developments).Narrative Update • Dec 25
3988: Future Margin Pressure May Undermine Slight Risk Improvement
Analysts have modestly raised their price target on Bank of China to reflect a slightly lower perceived risk profile and stronger expectations for revenue growth, partly offset by a marginally weaker profit margin outlook and a higher anticipated future valuation multiple. What's in the News A board meeting is scheduled for December 19, 2025 to review disclosure policy, directors and senior management securities trading rules, routine connected transactions caps with China CITIC Financial AMC, Shanghai Stock Exchange related matters, and 2024 remuneration plans for executive directors and senior management (Key Developments).Narrative Update • Dec 11
3988: Interim Dividend Stability Will Support Attractive Future Share Performance
Analysts have nudged their price target for Bank of China slightly higher to reflect a modest increase in fair value, supported by incremental improvements in discount rate assumptions, long term revenue growth expectations, profit margin stability, and a slightly lower projected future P E multiple. What's in the News Extraordinary General Meeting on November 27, 2025 approved the 2025 interim profit distribution plan, setting an interim dividend of RMB 1.094 per ten shares for the first half of 2025, payable to H share holders on January 23, 2026, with record date December 10, 2025 (Key Developments).Narrative Update • Nov 27
3988: Dividend Outlook And Regulatory Developments Will Balance Future Performance
Analysts have raised their price target for Bank of China from $5.19 to $5.26, citing slightly improved revenue growth expectations despite a modest dip in profit margin forecasts. What's in the News Special Shareholders Meeting scheduled for November 27, 2025 to consider the Interim Profit Distribution Plan of Bank of China for 2025 (Key Developments) Board Meeting set for October 28, 2025 to approve unaudited third quarter results, Pillar 3 Disclosure Report, audit committee procedural changes, and key appointments (Key Developments) Special Shareholders Meeting held on October 16, 2025 to consider a special outbound donation limit and the election of Mr. Cai Zhao as Executive Director (Key Developments) Amendments to Articles of Association approved and recently received regulatory approval from the National Financial Regulatory Administration (Key Developments) Interim dividend of RMB 0.1094 per ordinary share for the six months ended June 30, 2025 has been recommended, with payment scheduled for January 23, 2026 (Key Developments) Valuation Changes Consensus Analyst Price Target has risen slightly, increasing from HK$5.19 to HK$5.26 per share.Narrative Update • Sep 17
China Urbanization And Digital Payments Will Unlock Potential
Bank of China’s future P/E has risen markedly, reflecting higher valuation expectations, while the analyst price target edged up marginally to HK$5.19. What's in the News Proposed interim dividend of RMB 1.094 per 10 shares for the six months ended June 2025.
New Narrative • Feb 09
Fintech And Green Finance Expansion Will Drive Future Success
Focus on fintech and green finance suggests increased operational efficiency and sustainable revenue growth.Shareholder Returns
| 3988 | HK Banks | HK Market | |
|---|---|---|---|
| 7D | -1.8% | 3.0% | 0.2% |
| 1Y | 15.9% | 13.4% | 4.5% |
Return vs Industry: 3988 exceeded the Hong Kong Banks industry which returned 13.4% over the past year.
Return vs Market: 3988 exceeded the Hong Kong Market which returned 4.5% over the past year.
Price Volatility
| 3988 volatility | |
|---|---|
| 3988 Average Weekly Movement | 2.5% |
| Banks Industry Average Movement | 3.2% |
| Market Average Movement | 7.5% |
| 10% most volatile stocks in HK Market | 16.0% |
| 10% least volatile stocks in HK Market | 3.5% |
Stable Share Price: 3988 has not had significant price volatility in the past 3 months compared to the Hong Kong market.
Volatility Over Time: 3988's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1912 | 313,746 | Hui Zhang | www.boc.cn |
Bank of China Limited, together with its subsidiaries, provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally. The company operates through six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other. The Corporate Banking segment provides current accounts, deposits, overdrafts, loans, payments and settlements, trade-related products, and other credit facilities, as well as foreign currency, derivative, and wealth management products for corporate customers, government authorities, and financial institutions.
Bank of China Limited Fundamentals Summary
| 3988 fundamental statistics | |
|---|---|
| Market cap | HK$2.13t |
| Earnings (TTM) | HK$268.36b |
| Revenue (TTM) | HK$657.38b |
6.4x
P/E Ratio0.5x
P/B RatioIs 3988 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 3988 income statement (TTM) | |
|---|---|
| Revenue | CN¥566.97b |
| Cost of Revenue | CN¥0 |
| Gross Profit | CN¥566.97b |
| Other Expenses | CN¥335.52b |
| Earnings | CN¥231.45b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.72 |
| Gross Margin | 100.00% |
| Net Profit Margin | 40.82% |
| Debt/Equity Ratio | 251.2% |
How did 3988 perform over the long term?
See historical performance and comparisonDividends
4.9%
Current Dividend Yield31%
Payout RatioDoes 3988 pay a reliable dividends?
See 3988 dividend history and benchmarks| Bank of China dividend dates | |
|---|---|
| Ex Dividend Date | Jul 02 2026 |
| Dividend Pay Date | Aug 19 2026 |
| Days until Ex dividend | 15 days |
| Days until Dividend pay date | 63 days |
Does 3988 pay a reliable dividends?
See 3988 dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/17 09:30 |
| End of Day Share Price | 2026/06/17 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Bank of China Limited is covered by 45 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Meizhi Yan | Barclays |
| Wei Hou | Bernstein |
| Yi Wu | BofA Global Research |