OCBC says 2024 targets on track after Q3 profit beats forecast with 9% rise to $1.97 billion

Quick Summary:

OCBC’s results rounded up a strong third-quarter earnings season by Singapore banks.

OCBC’s improved performance was also driven by increased wealth management activity that lifted fee and trading income, in addition to higher insurance income and lower allowances.

OCBC said July-September net profit increased to $1.97 billion from $1.81 billion a year earlier.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Rise Targets 2024 Beats Cent Forecast Profit Says Billion Ocbc Track

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 07:59:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 525 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23466325

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