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Industrial and Commercial Bank of China Ltd. (OTCMKT:IDCBY) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Industrial and Commercial Bank of China Ltd. (OTCMKT:IDCBY) seasonal charts above shows that a Buy Date of July 16 and a Sell Date of November 2 has resulted in a geometric average return of 3.11% above the benchmark rate of the S&P 500 Total Return Index over the past 10 years. This seasonal timeframe has shown positive results compared to the benchmark in 8 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 10 years by an average of 15.3% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Financial sector, which runs from November 22 to April 13. The seasonal chart for the broad sector is available via the following link: Financial Sector Seasonal Chart.

Headquartered in Beijing and founded in 1984, ICBC listed its shares in mainland China and Hong Kong in 2006. The bank is China’s largest by asset scale and by share of lending and deposits. Central Huijin Investment (China’s sovereign wealth fund manager) and China’s Ministry of Finance are ICBC’s two largest shareholders, each with a stake of around 35%. ICBC is headquartered in Beijing and operates 16,270 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 49%, 38%, and 13% of total revenue, respectively, and 41%, 39%, and 20% of profit before tax in 2018. Oversea banking and other business contributed 8% of total revenue and 9% of profit before tax in 2018.

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