OVERSEA-CHINESE BANKING CORPORATION LIMITED

Oversea-Chinese Banking Corporation Limited

O39

SG1S04926220

Banks

Delayed Singapore S.E. Other stock markets 22:54:04 2024-05-22 EDT			5-day change	1st Jan Change
14.41 ^SGD	+0.21%		+0.84%	+10.92%

05-22	OCBC Repurchases Shares Worth SG$5.4 Million	MT
05-21	OCBC Files for Singapore Listing of $500 Millions Worth of 5.52% Subordinated Bonds Due 2034	MT

Oversea-Chinese Banking Corporation Limited Reports Earnings Results for the First Quarter Ended March 31, 2024

May 10, 2024 at 12:09 am

Oversea-Chinese Banking Corporation Limited reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net interest income was SGD 2,437 million compared to SGD 2,338 million a year ago. Net income was SGD 1,982 million compared to SGD 1,879 million a year ago.

Latest news about Oversea-Chinese Banking Corporation Limited

OCBC Repurchases Shares Worth SG$5.4 Million	05-22	MT
OCBC Files for Singapore Listing of $500 Millions Worth of 5.52% Subordinated Bonds Due 2034	05-21	MT
OCBC Repurchases Shares Worth SG$5.4 Million	05-17	MT
Asian currencies trim gains as U.S. inflation rally fades	05-17	RE
OCBC Buys Back Further Shares	05-16	MT
OCBC Repurchases Shares Worth SG$5.4 Million	05-15	MT
OCBC Prices $500 Million Fixed Rate Subordinated Bonds	05-13	MT
Oversea-Chinese Banking Corporation Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	05-10	CI
OCBC Reports Rise in First-Quarter Net Profit, Makes S$1.4 Billion Offer for Insurance Arm	05-09	DJ
Great Eastern Gets SG$1.4 Billion Takeover Offer from Oversea-Chinese Banking	05-09	MT
Oversea-Chinese Banking's Q1 Attributable Net Profit Grows 5%	05-09	MT
Singapore bank OCBC first-quarter net profit rises 5% on-year	05-09	RE
Oversea-Chinese Banking Corporation Limited made an offer to acquire remaining 11.56% stake in Great Eastern Holdings Limited for SGD 1.4 billion.	05-09	CI
Transcript : Oversea-Chinese Banking Corporation Limited, Q1 2024 Earnings Call, May 10, 2024	05-09
UOB's Q1 profit falls less than expected, maintains 2024 growth outlook	05-07	RE
OCBC Grants Shares Under Deferred Share Plan	05-05	MT
OCBC Grants Share Awards	05-02	MT
Singaporean Shares Rise As US Keeps Rates Unchanged; DBS Up 2%	05-02	MT
OCBC’s Subsidiary Acquires PT Bank Commonwealth Indonesia	05-01	MT
HSBC must prioritise Asian expertise in surprise CEO search	04-30	RE
Stocks set for monthly drop, dollar rebounds as data, Fed loom large	04-30	RE
HSBC must prioritise Asian expertise in surprise CEO search	04-30	RE
Asian shares rise, yen wobbles after volatile start to week	04-30	RE
Stocks in Asia rise, yen wobbles after volatile start to week	04-29	RE
OCBC Grants Share Awards	04-25	MT

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Company Profile

Oversea-Chinese Banking Corporation Limited (the Bank) is engaged in the business of banking, life insurance, general insurance, asset management, investment holding, futures and stockbroking. Its segments include Global Consumer/Private Banking, Global Wholesale Banking, Global Treasury and Markets, Insurance, and Others. The Global Consumer/Private Banking segment provides a range of deposit products, consumer loans, credit cards, wealth management products and brokerage services. The Global Wholesale Banking segment offers financing solutions, including long-term project financing, short-term credit, working capital and trade financing. The Global Treasury and Markets segment engages in foreign exchange activities, money market operations, fixed income, and derivatives trading, and offers structured treasury products and financial solutions. The Insurance segment provides both life and general insurance products to its customers, mainly in Singapore and Malaysia.

Sector

Banks

Calendar

2024-07-29 - Q2 2024 Earnings Release (Projected)

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Ratings for Oversea-Chinese Banking Corporation Limited

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

14.38 SGD

Average target price

15.09 SGD

Spread / Average Target

+4.91%

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Quarterly earnings - Rate of surprise

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