OCBC Q2 profit drops 7% as interest rates fall; CEO flags tariff headwinds.

SINGAPORE - OCBC Bank posted a 7 per cent fall in earnings for the second quarter, as declining interest rates weighed on net interest income.

Net profit for the three months to June 30 was $1.82 billion, down from $1.94 billion a year earlier. Still, the figure beat the $1.79 billion forecast in a Bloomberg poll. The bank also declared an interim dividend of 41 cents per share, down from 44 cents a year ago. The interim dividend payout will amount to $1.84 billion, representing a payout ratio of 50 per cent.

What about DBS and UOB who are likely to report fianancials on 7th Aug?

DBS and UOB results would likely be weighed down by lower interest rates. But loan growth and recovery in wealth management activity could buffer declines, with trading income possibly surprising on the upside. 

So yups, we'll see. See if DBS can continue its crazy run upside indefinitely. I highly doubt so.

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