OCBC's Profit Beats Estimates as CEO Wong Keeps 2025 Targets
Oversea-Chinese Banking Corp. 's first-quarter profit beat expectations, as a strong haul in wealth fees, trading and insurance bolstered tepid lending income.
Net income in the three months ended March 31 was 5% lower at S$1.88 billion ($1.45 billion) from a year earlier, Southeast Asia's second-largest lender said Friday. That compares with the S$1.84 billion average estimate of analysts surveyed by Bloomberg.
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