Oversea-Chinese Banking Corporation Limited (OTCMKTS:OVCHY – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $39.7560 and last traded at $39.00, with a volume of 2793 shares. The stock had previously closed at $37.84.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded Oversea-Chinese Banking from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.
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Oversea-Chinese Banking Price Performance
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.
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