Asia’s Major Lenders Results in Focus As Global Woes Seen Boosting Some Big Banks

Investors are keeping a close eye on earnings of major banks across Asia as traders look to assess the possibility of further rate hikes that have vexed smaller lenders to the benefit of some larger banks.

Key banks, including HSBC Holdings, Macquarie Group and DBS Group, may signal an optimistic outlook in their lending businesses when they report results next week. Major bank earnings in Asia have so far shown some upside. Standard Chartered Plc reported better than expected results earlier, while UOB profits beat estimates on rising lending income. UOB’s lending jump mirrored gains at JPMorgan Chase, Citigroup and Wells Fargo in the US following Federal Reserve rate hikes that have roiled smaller lenders.