SINGAPORE (Nov 1): Oversea-Chinese Banking Corporation (OCBC Bank) reported earnings of $1.25 billion for 3Q18, an increase of 12% from a year ago, driven by a 23% rise in profit from banking operations.
This is slightly higher than the average estimate of $1.15 billion from three analysts, according to data from Refinitiv, formerly known as Thomson Reuters. The higher 3Q18 bottomline also brings earnings for the first nine months of 2018 (9M18) to $3.57 billion, an increase of 18% from a year ago.
See: OCBC kept at 'buy' ahead of 3Q results announcement; growth expected from developed markets
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