Investors were let down by $OCBC Bank(O39.SG)$ recent earnings report, causing the bank's stock price to drop. Let's explore why:
Profits Missed the Mark: While $OCBC Bank(O39.SG)$ profit grew 12% to S$1.62 billion in Q4 2023, it fell short of the S$1.71 billion analysts expected. This weakness stemmed from lower non-interest income, especially in insurance.
Falling Non-Interest Income: OCBC's non-interest income di...