Oversea-Chinese Banking Corp Ltd
O39: XSES (SGP)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| L&X | LOCK|C$&dd | LOCK|&$>c%&d> |
OCBC Earnings: Strong Results Driven by Wealth Management Business; Shares Fairly Valued
OCBC's third-quarter net profit of SGD 1.98 billion was flat year on year, with stronger noninterest income offsetting a fall in net interest margin. Annualized return on equity is healthy, at 13.4%.
