Side by sideICBC (1398.HK) and Bank of China (3988.HK)Memos of October 11, 2026
ICBC vs Bank of China stock: the numbers side by side (October 2026)
How do ICBC and Bank of China compare?
| ICBC 1398.HK | Bank of China 3988.HK | |
|---|---|---|
| Revenue growth | 1.9%2025 | 4.3%2025 |
| Net interest margin | 1.3%2025 | 1.3%2025 |
| Return on equity | 9.5%2025 | 8.9%2025 |
| CET1 capital ratio | 13.6%2025 | 12.5%2025 |
| Dividend yield | 4.9%Today (Oct 11, 2026) | 4.3%Today (Oct 11, 2026) |
| P/E, last 12 months | 6.3xToday (Oct 11, 2026) | 7.2xToday (Oct 11, 2026) |
| P/E, next 12 months | 6.1xToday (Oct 11, 2026) | 6.9xToday (Oct 11, 2026) |
| Weighted price forecast, about 1 year | 7.25 (+1 %)October 2027 | 6.37 (+9 %)October 2027 |
| Weighted price forecast, about 3 years | 8.04 (+22 %)October 2029 | 7.22 (+32 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Bank of China | The higher figure |
| Net interest margin | — | The higher figure |
| Return on equity | ICBC | The higher figure |
| CET1 capital ratio | ICBC | The higher figure |
| Dividend yield | ICBC | The higher figure |
| P/E, last 12 months | ICBC | The lower figure |
| P/E, next 12 months | ICBC | 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?
Industrial and Commercial Bank of China Limited (ICBC) is a state-controlled bank for households, companies and institutions.
ICBC (1398.HK), from our memo of October 11, 2026 · ICBC stock forecast
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