Zacks Investment Research cut shares of Bank of East Asia (OTCMKTS:BKEAY) from a hold rating to a sell rating in a research report report published on Wednesday.
According to Zacks, “Bank E Asia has dedicated itself to service on behalf of the people of Hong Kong and customers in China and overseas. BEA is the largest independent local bank in Hong Kong. BEA offers a full range of wholesale and retail banking services covering corporate banking, personal banking, investment banking and China services. Products ranging from deposits, foreign currency savings, mortgage loans, consumer loans, credit cards, Cyberbanking, Mandatory Provident Fund services, trade finance, syndicated loans, remittances and foreign exchange margin trading. “
Shares of OTCMKTS:BKEAY opened at $3.35 on Wednesday. Bank of East Asia has a 1 year low of $2.95 and a 1 year high of $4.48.
About Bank of East Asia
The Bank of East Asia, Limited provides various banking and related financial services. It operates through nine segments: Personal Banking, Corporate Banking, Treasury Markets, Wealth Management, Financial Institutions, Others, China Operations, Overseas Operations, and Corporate Services. The company offers various commercial and personal banking, financial, and insurance services.
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