The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0706 GMT - Hannover Re's first-quarter revenue fell short of consensus expectations, but its April treaty renewals look good and its nonlife earnings were better than forecast, Keefe, Bruyette & Woods's Darius Satkauskas says in a note. The results seem weak overall, with both group revenue and net profit below forecasts, but the focus will be on a revenue miss in the nonlife business, the analyst says. The German reinsurer blamed the revenue fall on currency effects and a decline in structured-reinsurance revenue due to the reduction of individual larger-volume contracts. "The group is maintaining its guidance for mid-single-digit revenue growth, but this is only for an [foreign-exchange]-adjusted traditional business when the impact this quarter largely came from [foreign-exchange] and structured solutions," the analyst says. (adria.calatayud@wsj.com)

0639 GMT - Oversea-Chinese Banking Corp.'s base earnings visibility is likely to be stronger, as its insurance business shifts to higher-margin products, Maybank Securities' Thilan Wickramasinghe says in a note. The Singapore bank's 1Q noninterest income was partly supported by its insurance income, which rose 34% on year, he notes. Maybank raises its 2026-2028 noninterest income forecast for OCBC by 11% to 16%. It also upgrades OCBC's stock rating to buy from hold and raises its target price to S$24.45 from S$21.69. Shares are 2.9% higher at S$22.55.(amanda.lee@wsj.com)

0202 GMT - DBS Group is likely to deliver higher dividend per share into 4Q, which should narrow the dividend yield gap compared with peers, Citi analyst Tan Yong Hong says in a note. The Singapore bank posted better-than-expected 1Q results, thanks to a strong wealth segment performance. Citi reiterates DBS as its preferred pick due to its exposure to the Asian wealth management business, with strong assets under management momentum. Citi has a buy rating on the stock and raises its target price to S$65.00 from S$63.60. DBS shares are 1.0% higher at S$58.44. (amanda.lee@wsj.com)

2357 GMT - Macquarie's bull at Jefferies says the market is underestimating the financial group's earnings recovery and the sustainability of its returns. Analyst Andrew Lyons tells clients in a note that conditions are improving for the Australian company which now has a more balanced earnings mix. He sees medium-term growth supported by higher performance fees, balance-sheet deployment, asset sales and improved cost efficiencies. Lyons reckons that the stock's undemanding valuation leaves scope for a potential re-rating as conditions continue to improve. Jefferies raises its target price 2.6% to A$253.73 and keeps a buy rating on the stock, which is at A$239.23 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 11, 2026 04:20 ET (08:20 GMT)

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