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

Oversea-Chinese Banking (OTCMKTS:OVCHY) is expected to be issuing 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 Stock Performance

Oversea-Chinese Banking stock opened at $33.51 on Wednesday. Oversea-Chinese Banking has a 1 year low of $20.70 and a 1 year high of $35.85. The firm’s 50 day moving average price is $31.86 and its two-hundred day moving average price is $28.48.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Oversea-Chinese Banking from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has an average rating of “Strong Buy”.

About Oversea-Chinese Banking

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.