Oversea-Chinese Banking (OVCHY) Projected to Post Earnings on Wednesday

Oversea-Chinese Banking (OTCMKTS:OVCHY) is anticipated to issue its results before the market opens on Wednesday, February 25th. Analysts expect the company to announce earnings of $0.56 per share for the quarter.

Oversea-Chinese Banking Price Performance

OTCMKTS OVCHY opened at $33.51 on Wednesday. The company has a 50 day simple moving average of $31.86 and a 200-day simple moving average of $28.48. Oversea-Chinese Banking has a 52-week low of $20.70 and a 52-week high of $35.85.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Oversea-Chinese Banking from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Oversea-Chinese Banking has a consensus rating of “Strong Buy”.

Oversea-Chinese Banking Company Profile

Oversea-Chinese Banking Corporation Limited (commonly known as OCBC) is a Singapore-based regional bank that provides a broad range of banking and financial services to retail, corporate and institutional customers. Its core activities include consumer banking, wealth management, commercial and corporate banking, treasury and markets, trade finance, and transaction banking. OCBC also conducts investment banking activities and offers asset management services, and its group structure includes insurance and other financial services delivered through affiliated subsidiaries and regional units.

The bank traces its origins to a 1932 merger of several Chinese-named banks in Singapore and has since grown into one of the region’s larger financial institutions with a significant presence across Southeast Asia and Greater China.