Reported 8 months ago
The Taiwan stock market hit 23,000 points on June 20, 2024, with bank stocks increasing profit by over 50% compared to the same period last year. Many banks are allocating their stock investments to OCI (Other Comprehensive Income), where cash dividends directly contribute to current earnings. With the peak season for dividend distribution in the third quarter, banks are expected to see significant profit gains. Major banks under the financial holding company have already earned NT$125.57 billion after tax by the end of May and are estimated to earn over a billion by the end of September. By focusing on high dividend yield stocks and ESG-related companies, banks are aiming to optimize their investment portfolios.
Source: YAHOO