Side by sideICBC (1398.HK) and CCB (0939.HK)Memos of October 11, 2026 and October 12, 2026
ICBC vs CCB stock: the numbers side by side (October 2026)
How do ICBC and CCB compare?
| ICBC 1398.HK | CCB 0939.HK | |
|---|---|---|
| Revenue growth | 1.9%2025 | 1.7%2025 |
| Net interest margin | 1.3%2025 | 1.3%2025 |
| Return on equity | 9.5%2025 | 10.0%2025 |
| CET1 capital ratio | 13.6%2025 | 14.6%2025 |
| Dividend yield | 4.9%Today (Oct 11, 2026) | 4.7%Today (Oct 12, 2026) |
| P/E, last 12 months | 6.3xToday (Oct 11, 2026) | 6.39xToday (Oct 12, 2026) |
| P/E, next 12 months | 6.1xToday (Oct 11, 2026) | 6.20xToday (Oct 12, 2026) |
| Weighted price forecast, about 1 year | 7.25 (+1 %)October 2027 | 10.17 (+9 %)October 2027 |
| Weighted price forecast, about 3 years | 8.04 (+22 %)October 2029 | 11.12 (+29 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | ICBC | The higher figure |
| Net interest margin | — | The higher figure |
| Return on equity | CCB | The higher figure |
| CET1 capital ratio | CCB | 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 | CCB | The higher weighted return |
| Weighted price forecast, about 3 years | CCB | 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
China Construction Bank Corporation (0939.HK) is a large commercial bank with a state mandate.
CCB (0939.HK), from our memo of October 12, 2026 · CCB stock forecast