SINGAPORE (Oct 28): Oversea-Chinese Banking Corporation (OCBC) might have beat forecasts for its 3Q16 results, but analysts are not convinced the bank can sail unscathed through the headwinds ahead.
OCBC on Thursday announced a 5% y-o-y increase in earnings to $943 million for 3Q16 – some 13% higher than the average of $834 million that was earlier forecast by five analysts polled by Reuters.
3Q performance was lifted by higher non-interest income (NII) and its wealth management and life assurance businesses.
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