Feb
16

OCBC Beats Estimates With 21% Profit Gain on Lending Income

By
  • Shares rally the most in almost six months as benchmark falls
  • Trading, life assurance also buoyed earnings in fourth quarter

Oversea-Chinese Banking Corp.’s fourth-quarter profit rose 21 percent, more than analysts estimated, on higher interest and trading income as well as gains from life assurance. The shares rose the most in almost six months.

Net income climbed to S$960 million ($682 million) in the three months ended Dec. 31 from S$791 million a year earlier, Singapore’s second-largest bank said Wednesday in a statement. That exceeded the S$877 million average of seven analysts’ estimates compiled by Bloomberg…

OCBC Beats Estimates With 21% Profit Gain on Lending Income

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.