CM Bank stock: JPMorgan raises China Merchants Bank target to HKD 63.00

Published on 10/21/2026 at 17:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due on October 30, 2026, after a board review. CM Bank stock costs EUR 6.00 at Lang & Schwarz on October 21, 2026 at 5:02 p.m. CEST.

Analyst target and reporting date

JPMorgan raised its China Merchants Bank target from HKD 62.00 to HKD 63.00 on October 21, 2026.
The board is scheduled to review third-quarter results on October 30, 2026.
CM Bank stock costs EUR 6.00 at Lang & Schwarz on October 21, 2026 at 5:02 p.m. CEST.

CM Bank, CNE1000002M1, Illustration mit AI erstellt.

CM Bank (CNE1000002M1) is priced at EUR 6.00 at Lang & Schwarz on October 21, 2026 at 5:02 p.m. CEST. Zhitong Finance reported on October 21, 2026 that JPMorgan raised its target for China Merchants Bank's H shares from HKD 62.00 to HKD 63.00 while maintaining an Overweight rating.

Target leaves room above the Hong Kong price

The JPMorgan target stands 19.20 percent above the HKD 52.85 closing price of China Merchants Bank's Hong Kong listing on October 21, 2026. The calculation uses the target and the same-currency Hong Kong price, keeping the analyst view separate from the euro quotation.

The report also lowered JPMorgan's 2026 net profit estimate by 0.60 percent, raised its 2027 estimate by 1.10 percent and left its 2028 estimate unchanged. It highlighted the bank's retail platform, deposit scale and low deposit-cost ratio as important operating features.

Stock stays below its yearly high

The Frankfurt quotation has a 52-week range of EUR 4.83 to EUR 6.09 as of October 21, 2026. The Lang & Schwarz price is EUR 0.09, or 1.48 percent, below the upper end of that range. The one-year range therefore places the stock near its recent high while leaving room for daily price changes.

The Frankfurt listing recorded a market capitalization of EUR 149.6 billion and a trailing P/E ratio of 8.35 on October 21, 2026. Its year-to-date performance was 3.27 percent, while the quoted 52-week gain was 10.31 percent.

Results date sets the next checkpoint

The board of China Merchants Bank is scheduled to meet on October 30, 2026, to consider and approve the third-quarter results for the period ended September 30, 2026, according to The Globe and Mail. That date gives investors the next scheduled test for earnings momentum after the first-half reporting period.

Comparison with peers

China Merchants Bank: P/E 8.35, market capitalization EUR 149.6 billion. Industrial and Commercial Bank of China: P/E 6.98, market capitalization HKD 2.2 trillion. China Construction Bank: P/E 5.86, market capitalization HKD 1.9 trillion.

Price and valuation

China Merchants Bank combines a trailing P/E of 8.35 with a 52-week high of EUR 6.09. The next dated company event is the October 30, 2026 board review of third-quarter results.

The stock was trading at EUR 6.00 at Lang & Schwarz on October 21, 2026 at 5:02 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of CM Bank stock.