OCBC stock gains as record profit lifts loan-growth outlook

OCBC reported a record nine-month profit on Friday, November 6, 2026, and raised its 2026 loan-growth outlook. The bank's official results release said broad growth in wealth management and wholesale banking supported the performance.

OCBC stock traded at 19.85 euros on Lang & Schwarz at 15:08 CET on Tuesday, November 10, 2026. That was 2.80% above the 19.31-euro quote recorded in the previous relevant report on Monday, November 9, at 09:30 CET.

Record profit broadens earnings support

Group net profit for the first nine months rose 10% year on year to a record S$6.24 billion. Wealth-management fees increased 25% to S$1.33 billion, while non-interest income from wholesale banking rose 24%.

Third-quarter net profit increased 3% year on year to S$2.04 billion. Banking operations delivered a record profit of S$1.90 billion, but the group result fell 8% from the second quarter as weaker investment performance at Great Eastern Holdings offset the banking gain.

Loan growth lifts the outlook

Customer loans rose 14% year on year to S$372 billion at September 30. Management now expects 2026 loan growth in the low-double-digit range, compared with its previous high-single-digit to low-double-digit guidance. Total income is expected to grow by at least a mid-single-digit percentage, while net interest income may remain flat or decline slightly.

Asset quality remained supportive, with the non-performing-loan ratio improving to 0.8%. At the same time, net interest margin fell to 1.71% in the first nine months from 1.93% a year earlier, keeping funding and margin trends central to the investment case.

Investors will focus next on whether loan growth and fee income can offset pressure on margins. Great Eastern's market-sensitive investment results remain an additional source of quarterly volatility.

Singapore banking shares remain in focus across the current market reports.

More news and analyses on OCBC stock.