Side by sideBank of China (3988.HK) and CMB (3968.HK)Memos of October 11, 2026 and October 12, 2026
Bank of China vs CMB stock: the numbers side by side (October 2026)
How do Bank of China and CMB compare?
| Bank of China 3988.HK | CMB 3968.HK | |
|---|---|---|
| Revenue growth | 4.3%2025 | -0.8%2025 |
| Net interest margin | 1.3%2025 | 1.9%2025 |
| Return on equity | 8.9%2025 | 13.4%2025 |
| CET1 capital ratio | 12.5%2025 | 14.2%2025 |
| Dividend yield | 4.3%Today (Oct 11, 2026) | 4.4%Today (Oct 12, 2026) |
| P/E, last 12 months | 7.2xToday (Oct 11, 2026) | 7.9xToday (Oct 12, 2026) |
| P/E, next 12 months | 6.9xToday (Oct 11, 2026) | 6.6xToday (Oct 12, 2026) |
| Weighted price forecast, about 1 year | 6.37 (+9 %)October 2027 | 54.60 (+5 %)October 2027 |
| Weighted price forecast, about 3 years | 7.22 (+32 %)October 2029 | 59.52 (+23 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Bank of China | The higher figure |
| Net interest margin | CMB | The higher figure |
| Return on equity | CMB | The higher figure |
| CET1 capital ratio | CMB | The higher figure |
| Dividend yield | CMB | The higher figure |
| P/E, last 12 months | Bank of China | The lower figure |
| P/E, next 12 months | CMB | The lower figure |
| Weighted price forecast, about 1 year | Bank of China | The higher weighted return |
| Weighted price forecast, about 3 years | Bank of China | The higher weighted return |
What does each company do?
Bank of China takes deposits and sells loans, payments, trade finance—banking services that help businesses pay for and manage cross-border risks—and currency services to households, businesses and institutions.
Bank of China (3988.HK), from our memo of October 11, 2026 · Bank of China stock forecast
China Merchants Bank (CMB) serves individuals, businesses and institutions with deposits, loans, payments, cards and investment services.
CMB (3968.HK), from our memo of October 12, 2026 · CMB stock forecast