OCBC Financial Results Date 2024, Share Price, History & More

News: Oversea-Chinese Banking Corporation (OCBC), one of the leading financial institutions, has always been a topic of interest for investors and financial enthusiasts. Let’s delve into the details of OCBC’s financial results for 2024, its share price, and its historical performance.

OCBC Financial Results 2024

OCBC announced its financial results for 2024 on February 28. The results showed a 12% jump in the fourth-quarter net profit. However, the bank expects interest rates to trend downwards, likely from the second half of 2024.

OCBC Share Price

As of February 28, 2024, the share price of OCBC was SGD 12.98. The share price has seen some fluctuations over the past year, reflecting the dynamic nature of the financial market.

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About OCBC :

OCBC, short for Oversea-Chinese Banking Corporation Limited, is a Singaporean multinational banking and financial services corporation. With its headquarters in the OCBC Centre, the bank has a rich history dating back to 1932. It was formed through the merger of three local banks, the oldest of which was founded in 1912.

OCBC’s Achievements

OCBC is the second-largest financial services group in Southeast Asia by assets. It has one of the world’s highest credit ratings, with an Aa1 rating from Moody’s. In 2019, OCBC was awarded the title of “World’s Best Bank (Asia-Pacific)” by Global Finance Magazine.

FAQs

1. When did OCBC announce its financial results for 2024?

OCBC announced its financial results for 2024 on February 28.

2. What is the current share price of OCBC?

As of February 28, 2024, the share price of OCBC was SGD 12.98.

3. How has the OCBC share price performed historically?

The OCBC share price has seen some fluctuations over the past year, reflecting the dynamic nature of the financial market.

4. What is the future outlook for OCBC?

OCBC expects interest rates to trend downwards, likely from the second half of 2024.

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