OCBC Profit Climbs as Higher Interest Rates Buoy Margins
Oversea-Chinese Banking Corp. reported a jump in second-quarter profit driven by an expansion in lending margins even as allowances for potentially soured assets more than tripled.Net income rose 34% to S$1.71 billion from a year earlier in the three months ended June 30, Southeast Asia’s second-largest lender said Friday. That compared with the S$1.74 billion average estimate of five analysts surveyed by Bloomberg.Chief Executive Officer Helen Wong said the bank is “watchful” of impacts from p
Apple, Amazon, AMD, and More Earnings, July Jobs Report: What to Know This Week
It will bethe busiest week of second-quarter earnings season, witha third of S&P 500 companies scheduled to report. Economic-data highlights will include the latest U.S. jobs data and purchasing manag