OCBC Raises 2026 Guidance After Q3 Profit Beat
Singapore bank OCBC raised its 2026 outlook after reporting a 3 percent rise in third-quarter net profit to 2.04 billion Singapore dollars. The earnings beat analyst estimates despite weakness in its insurance arm.
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Oversea-Chinese Banking Corp raised its 2026 loan growth forecast to low double digits on Friday after posting a 3% annual rise in third-quarter net profit to S$2.04 billion ($1.60 billion). The result beat the mean estimate of S$2.01 billion from four analysts in Singapore. The lender's performance topped expectations despite weakness in its insurance arm weighing on the bottom line.
