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Bank of Communications Co (Bank of Communications Co) Retained Earnings : $45,761 Mil (As of Dec. 2023)


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What is Bank of Communications Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Bank of Communications Co's retained earnings for the quarter that ended in Dec. 2023 was $45,761 Mil.

Bank of Communications Co's quarterly retained earnings increased from Jun. 2023 ($39,899 Mil) to Sep. 2023 ($41,891 Mil) and increased from Sep. 2023 ($41,891 Mil) to Dec. 2023 ($45,761 Mil).

Bank of Communications Co's annual retained earnings increased from Dec. 2021 ($40,518 Mil) to Dec. 2022 ($41,989 Mil) and increased from Dec. 2022 ($41,989 Mil) to Dec. 2023 ($45,761 Mil).


Bank of Communications Co Retained Earnings Historical Data

The historical data trend for Bank of Communications Co's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bank of Communications Co Retained Earnings Chart

Bank of Communications Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25,256.43 32,793.72 40,518.42 41,988.90 45,761.18

Bank of Communications Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41,988.90 46,060.60 39,898.76 41,890.68 45,761.18

Bank of Communications Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Bank of Communications Co  (OTCPK:BCMXY) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Bank of Communications Co (Bank of Communications Co) Business Description

Traded in Other Exchanges
Address
No.188, Yin Cheng Zhong Lu, Pilot Free Trade Zone, Pudong New District, Shanghai, CHN, 200120
Bank of Communications, or Bocom, is the only state-owned bank with headquarters in Shanghai. As one of China's four oldest banks, Bocom became China's first state-owned shareholding commercial bank in 1987. Today, Bocom is amid a strategic transformation, building itself into a global wealth-management bank with wide-ranging financial operations, including insurance, brokerage, trust, and asset management.

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