Goldman Sachs issued a bearish report on China banks earlier this month. The reaction was swift – not in a good way. China bank stocks have plunged since the report was released. Here’s ICBC, trading very close to it’s 2022 lows. At this price, it pays a 9.1% dividend yield, and a 65% discount […]
The post China Banks, ICBC plunge to 9.1% dividend yield – Why I am buying appeared first on Financial Horse.
