Side by sideCMB (3968.HK) and BOCHK (2388.HK)Memos of October 12, 2026 and October 15, 2026
CMB vs BOCHK stock: the numbers side by side (October 2026)
How do CMB and BOCHK compare?
| CMB 3968.HK | BOCHK 2388.HK | |
|---|---|---|
| Revenue growth | -0.8%2025 | 8.4%2025 |
| Net interest margin | 1.9%2025 | 1.4%2025 |
| Return on equity | 13.4%2025 | 11.5%2025 |
| CET1 capital ratio | 14.2%2025 | 24.0%2025 |
| Dividend yield | 4.4%Today (Oct 12, 2026) | 4.2%Today (Oct 15, 2026) |
| P/E, last 12 months | 7.9xToday (Oct 12, 2026) | 12.8xToday (Oct 15, 2026) |
| P/E, next 12 months | 6.6xToday (Oct 12, 2026) | 12.1xToday (Oct 15, 2026) |
| Weighted price forecast, about 1 year | 54.60 (+5 %)October 2027 | 48.31 (-0 %)October 2027 |
| Weighted price forecast, about 3 years | 59.52 (+23 %)October 2029 | 50.54 (+13 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | BOCHK | The higher figure |
| Net interest margin | CMB | The higher figure |
| Return on equity | CMB | The higher figure |
| CET1 capital ratio | BOCHK | The higher figure |
| Dividend yield | CMB | The higher figure |
| P/E, last 12 months | CMB | The lower figure |
| P/E, next 12 months | CMB | The lower figure |
| Weighted price forecast, about 1 year | CMB | The higher weighted return |
| Weighted price forecast, about 3 years | CMB | The higher weighted return |
What does each company do?
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
BOCHK serves households, businesses and institutions with deposits, loans, payments, investments, insurance and cross-border banking.
BOCHK (2388.HK), from our memo of October 15, 2026 · BOCHK stock forecast