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.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)