Banks that take your deposits and lend money out — to people buying homes, businesses growing, and everyday customers using checking accounts and cards.
Brokers expect TISCO's third-quarter profit to hold steady at 1.76-1.82 billion baht, dividend yield 6.2%
Several brokers expect TISCO Financial Group, the first commercial bank to report earnings each quarter, to announce its third-quarter results around mid-October, with profit forecast at approximately 1.76-1.82 billion baht, a slight increase from the same period last year and roughly flat from the previous quarter, with an estimated dividend yield of 6.2% per year. Bank of Ayudhya Securities expects third-quarter net profit of 1.78 billion baht, up 3% year-on-year and 1% quarter-on-quarter, driven by interest income rising 5% year-on-year and 2% quarter-on-quarter on an increase in net interest margin to 4.99%, compared with 4.88% in the third quarter of last year and 4.98% in the second quarter of this year. Trinity Securities expects profit of 1,766 million baht, flat quarter-on-quarter and up 2% year-on-year, maintaining its full-year 2026 profit estimate at 6,861 million baht, up 3% year-on-year, with a hold recommendation and a 2027 target price of 115 baht. Pi Securities maintains its hold recommendation and has revised its fundamental value to 125 baht, expecting third-quarter net profit of 1,761 million baht, up 1.8% year-on-year but down 0.1% quarter-on-quarter, and maintains its full-year 2026 net profit estimate of 5% year-on-year growth. Phillip Securities (Thailand) expects profit of 1.8 billion baht, up 5.3% year-on-year, maintains its full-year 2026 profit estimate at 6.9 billion baht, up 3.2% year-on-year, gives a fundamental price of 131 baht and recommends gradual buying, expecting a dividend of 7.75 baht this year and 8 baht next year, representing dividend yields of 6.2% and 6.4% respectively. DAOL Securities (Thailand) recommends holding with a target price of 125 baht, estimating third-quarter net profit at 1,766 million baht, up 2% year-on-year but flat quarter-on-quarter, and maintains its full-year 2026 profit estimate at 6.9 billion baht, growing 4% year-on-year.
TISCO.BK · Capital · Positive Brokers expect TISCO's Q3 profit to hold steady at 1.76-1.82 billion baht with a 6.2% dividend yield, with several maintaining hold/buy recommendations and target prices.
Wall Street Banks Face Rate Test as Q3 Earnings Season Opens
Wall Street's biggest banks are heading into third quarter earnings after one of their most profitable six-month runs in at least a decade, but sharply rising interest rates now threaten that boom. JPMorgan Chase, Goldman Sachs, and Citigroup report on Tuesday, followed by Bank of America and Morgan Stanley on Wednesday, with investors hunting for clues on whether higher rates are beginning to spoil the first-half surge. Profits at these giants are expected to fall from last quarter as trading, dealmaking, and financing revenues retreat from the standout second quarter levels, according to analyst estimates compiled by Bloomberg, though most are still expected to show profits up from a year ago, with Bank of America and Morgan Stanley the exceptions. Collectively, the five banks have shed about $270 billion in market value from their respective summer highs through Friday's close, even as the S&P 500 remains up roughly 14% this year, and a Truist Securities survey earlier this month found just 35% of institutional investors expect bank stocks to outperform the broader market, down from 68% in July and 82% in December. The key focus is less on what higher borrowing costs mean for third quarter profits than on whether the rapid repricing of money will undermine the unusually strong activity that defined 2026's first half, with trading results expected to bring the most immediate evidence of a slowdown after bank executives telegraphed softer September activity, particularly in fixed income. Higher financing costs also raise the stakes for whether this year's investment banking surge can continue into 2027, as several companies including smart ring maker Oura have postponed public listings and Nvidia-backed Firmus Grid abruptly shelved its listing plans this week after investors balked at its proposed valuation, while global merger and acquisition deal announcements slowed sharply during the third quarter.
BAC · Capital · Negative Bank of America is one of the five banks expected to report lower Q3 profits and is an exception to year-over-year profit growth, with trading and financing revenues retreating.
C · Capital · Negative Citigroup reports Tuesday amid expectations that higher rates are spoiling the first-half profit surge, with trading, dealmaking, and financing revenues retreating.
GS · Capital · Negative Goldman Sachs reports Tuesday with profits expected to fall from last quarter as trading and dealmaking revenues retreat from standout Q2 levels.
JPM · Capital · Negative JPMorgan reports Tuesday as sharply rising rates threaten the bank's most profitable six-month run in a decade, with trading and financing revenues expected to decline.
MS · Capital · Negative Morgan Stanley reports Wednesday and is one of the exceptions expected to show profits down from a year ago, with dealmaking and financing activity at risk.
Ringkjøbing Landbobank Plans DKK 400 Million Buyback for 2026
Ringkjøbing Landbobank has announced a DKK 400 million share buyback for 2026, a capital management move that would reduce the share count if completed as planned. The bank's stock has gained 123.0% over the past five years, and the new programme suggests management sees scope to adjust its capital base. Under the Excess Returns model, Ringkjøbing Landbobank is projected with a book value of DKK488.23 per share rising toward a stable DKK573.53, stable EPS of DKK122.42 per share based on return on equity estimates from 4 analysts, and an average return on equity of 21.34%. Against a cost of equity of DKK36.32 per share, that leaves an excess return of DKK86.10 per share, and the model puts the bank's estimated intrinsic value substantially above its current share price of DKK1,762.00. Because the buyback reduces the share count, the programme can support those per share excess returns even if overall profit stays flat.
Origin Bancorp Director Richard Gallot Jr. Resigns From Board
Origin Bancorp disclosed that Dr. Richard Gallot, Jr. has resigned from its Board of Directors, a change the company recorded in a recent filing. The departure trims one voice from the boardroom and reduces the current roster of directors, adjusting the mix of experience guiding the regional lender. Origin Bancorp runs Origin Bank, which serves small and medium-sized businesses, municipalities, and retail customers across Texas, Louisiana, Alabama, and Mississippi. The resignation does not directly alter the balance sheet, but it slightly shifts the oversight mix behind the company's Optimize Origin program, capital returns, and disciplined credit and funding decisions. Investors will watch how the board fills the vacancy and whether any refresh is tied to skills such as data centric banking, Southern market expertise, or fee income growth, with the next proxy statement and future board or committee disclosures as the key markers.
Ringkjøbing Landbobank Launches DKK 400 Million Share Buyback Programme
Ringkjøbing Landbobank will implement a new share buyback programme of DKK 400 million for cancellation at a future general meeting, in accordance with its corporate announcement of 2 October 2026. The programme runs from 12 October 2026 up to and including 8 January 2027, during which the bank will buy back its own shares for a total of up to DKK 400 million, but to a maximum of 500,000 shares. The buyback is based on the general authority granted to the board of directors by the annual general meeting of 4 March 2026 and will be carried out under the Safe Harbour rules of Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) No 2016/1052. Ringkjøbing Landbobank has appointed Danske Bank as lead manager, and Danske Bank will make all trading decisions independently, without influence from the bank. The purpose of the programme is to adjust the bank's capital structure, and the bank will issue a separate weekly announcement to Nasdaq Copenhagen stating the number and value of shares purchased.
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JPMorgan Forecasts $50 Billion in Crypto Inflows This Year
JPMorgan Chase forecasts roughly $50 billion in crypto inflows for this year, with momentum building into the fourth quarter. The bank extrapolated an annualized pace of about $66 billion, a figure it said could rise further if the bull market progresses. The estimate combines fund flows, futures-based movements, venture funding, and purchases by corporate treasuries, miners, private companies and government-related entities, rather than exchange-traded funds alone. Separately, bitcoin life insurer Meanwhile raised $37.5 million in a round led by Bain Capital Crypto and has signed 15 brokers serving high-net-worth clients in Switzerland, Singapore, Hong Kong and the UAE. Ledger said it is investigating a reported theft of more than $86 million from users across several blockchains, with on-chain analyst Spectre estimating losses involving hundreds of wallets on Bitcoin, Ethereum and Tron.
JPM · Capital · Positive JPMorgan forecasts roughly $50 billion in crypto inflows this year, extrapolating an annualized pace of about $66 billion.
Ledger SAS · Regulation · Negative Ledger is investigating a reported theft of more than $86 million from users across several blockchains.
Meanwhile · Capital · Positive Meanwhile raised $37.5 million in a funding round led by Bain Capital Crypto and signed 15 brokers serving high-net-worth clients.
JPMorgan Forecasts $50 Billion in Crypto Inflows for 2026
JPMorgan Chase has forecast $50 billion in crypto inflows for 2026, with momentum building into the fourth quarter. The bank extrapolated that figure forward, saying it expects an annualized pace of roughly $66 billion, which could increase further if the bull market progresses. JPMorgan's estimate combines fund flows, futures-based movements, venture funding, and purchases by corporate treasuries and miners, and also includes private companies and government-related entities. The forecast stands in contrast to Bitcoin ETFs losing $729 million on Wednesday and Thursday, while the industry overall has gained about $50 billion even as market cap has dropped. JPMorgan is described as extremely bullish moving forward, expecting the trend to continue and become much larger.
Wells Fargo Set to Report Q3 2026 Earnings on Oct. 13
Wells Fargo & Company is scheduled to report third-quarter 2026 earnings results on Oct. 13, before market open. The Zacks Consensus Estimate for third-quarter revenues of $22.15 billion suggests 3.3% year-over-year growth, while the consensus estimate for earnings has been revised marginally upward over the past seven days to $1.85 per share, indicating a 6.9% improvement from the prior-year quarter. The Zacks Consensus Estimate for net interest income is pegged at $12.63 billion, a 5.7% rise from the year-ago quarter, and total non-interest income is estimated at $9.58 billion, up 1.1%. Within non-interest income, mortgage banking revenues are expected at $241.39 million, down 9.9%, while investment advisory and other asset-based fee revenues are pegged at $2.95 billion, up 10.7%, investment banking fee revenues at $903.79 million, up 7.6%, and card fee revenues at $1.28 billion, up 4.8%. Wells Fargo currently carries a Zacks Rank #3 and an Earnings ESP of -0.15%, and its shares lost 6.3% in the third quarter of 2026 compared with the industry's decline of 6.7%.
WFC · Capital · Neutral Wells Fargo is set to report Q3 2026 earnings with consensus estimates showing revenue and EPS growth, but mixed segment trends and a negative Earnings ESP.
Associated Banc-Corp Eyes Another Earnings Beat With Positive ESP
Associated Banc-Corp is positioned to potentially beat earnings estimates again when it reports on October 22, 2026, according to Zacks Investment Research. The bank holding company has topped estimates by 1.42% on average over the last two quarters, delivering a surprise of 1.39% in the last reported quarter with earnings of $0.73 per share versus the Zacks Consensus Estimate of $0.72 per share, and a surprise of 1.45% in the prior quarter with earnings of $0.7 per share against an expected $0.69 per share. Associated Banc-Corp currently carries a Zacks Earnings ESP of +1.71%, and combined with its Zacks Rank #3 (Hold), Zacks research shows such stocks produce a positive surprise nearly 70% of the time. The company's next earnings report is expected to be released on October 22, 2026.
Wells Fargo in Talks With Kraken Parent Payward for Crypto Trading Liquidity
Wells Fargo & Company is planning to expand its cryptocurrency trading capabilities and is in talks with Payward, the parent company of cryptocurrency exchange Kraken, to obtain liquidity for crypto trading, a development first reported by CoinDesk. If finalized, the arrangement could strengthen the bank's relationships with crypto-market participants and create opportunities to serve their financial needs, with Payward's Payward Services division offering trading and financial infrastructure that serves banks, fintechs, brokerages and payment companies, potentially letting Wells Fargo offer crypto trading services without building its own exchange infrastructure. Wells Fargo already offers spot Bitcoin exchange-traded funds to eligible wealth-management clients and has backed crypto compliance firm Elliptic and trading technology provider Talos. The bank is also advancing blockchain-based payments through plans to launch tokenized deposits for corporate and commercial clients, scheduled for an initial rollout this year, initially supporting select U.S. dollar-to-British pound transactions. The deal remains unconfirmed, and its financial benefits will depend on the agreement's terms, trading activity and associated costs, while regulatory uncertainty, counterparty exposure, market volatility and operational challenges remain key risks.
WFC · Demand · Positive Wells Fargo is in talks with Payward/Kraken to obtain crypto trading liquidity, expanding its crypto trading services and client relationships.
Kraken (Payward Inc.) · Demand · Positive Payward's Kraken/Payward Services division could supply crypto trading liquidity and infrastructure to Wells Fargo, a new institutional client.
Peoples Bancorp and Capital Bancorp Hold M&A Call as Deal Talks Progress
Peoples Bancorp and Capital Bancorp, Inc. held an M&A call to discuss a potential merger or acquisition, with management outlining key terms under consideration and addressing questions on how a deal could be structured. Executives also discussed expected regulatory review steps and integration planning work that would follow any signed agreement. Peoples Bancorp, a US financial holding company with a market value of about $1.3b, runs Peoples Bank, which focuses on commercial and consumer banking products that could gain new reach or capabilities if the call ultimately leads to a transaction with Capital Bancorp. The call ties into a narrative that leans on acquisitions to lift the bank to roughly $14b of assets, with the Capital Bancorp deal described as a central plank in expanding fee based lines and pushing fee income toward roughly 23% of pro forma revenue. Investors will likely focus on whether Peoples Bancorp signs a definitive agreement on the timeline management has been signaling and then discloses quantified merger assumptions for Capital Bancorp, including targeted expense saves, expected EPS accretion and updated fee income mix.
PEBO · Capital · Positive Peoples Bancorp is the acquirer advancing M&A talks to grow to ~$14b assets and lift fee income to ~23% of pro forma revenue.
CBNK · Capital · Positive Capital Bancorp is the target of the potential merger/acquisition being discussed, a capital event that could deliver a deal premium.
Bank of America Q3 Earnings Preview: Revenue Seen at $30.62 Billion
Bank of America is scheduled to report third-quarter 2026 results on Oct. 14 before the opening bell, with the Zacks Consensus Estimate pegging revenues at $30.62 billion, up 9% year over year. The consensus earnings estimate for the quarter was revised lower over the past seven days to $1.12, though that still implies a 5.7% rise from the prior-year quarter's actual, and Bank of America has beaten the Zacks Consensus Estimate in each of the trailing four quarters by an average of 8.2%. The Zacks Consensus Estimate for third-quarter tax-equivalent net interest income is $16.55 billion, up 7.5% from a year earlier, while investment banking income is expected at $1.71 billion, down 15.3%, and market making and similar activities are seen at $3.33 billion, up 3.9%. Management expects third-quarter 2026 expenses of $18.6 billion and relatively flat sales and trading revenues, and the Zacks Consensus Estimate for non-performing loans and leases of $6.46 billion implies a 20.8% increase from the prior-year quarter. Bank of America carries a Zacks Rank #3 and an Earnings ESP of -0.24%, and its shares lost 6.7% in the third quarter, compared with declines of 1% for JPMorgan and 11.2% for Morgan Stanley.
BAC · Capital · Neutral Q3 earnings preview with consensus revenue up 9% but EPS estimate revised lower and NPLs seen up 20.8%, mixed signals ahead of the Oct. 14 report.
JPMorgan Launches Tokenized Money Market Fund JLTXX on Ethereum
JPMorgan Chase has launched JLTXX, a tokenized US money market fund on Ethereum aimed at institutional clients, as the bank moves to build reserve infrastructure for future US stablecoin issuers. The bank is working alongside BlackRock to provide tokenized money market products that could support stablecoin reserves, with both groups building fund infrastructure aligned with new GENIUS Act rules that require regulated backing for US stablecoin issuers by 2027. JPMorgan, a US bank and financial holding company with a reported market value of about $876.1b, already runs a global payments, markets, and custody network that gives it a ready-made base to plug tokenized money market funds into real world transaction flows. The push adds to an already heavy technology and AI expense line, while players like Citigroup and Bank of America are also pursuing digital asset infrastructure.
JPM · Technology · Positive JPMorgan launched JLTXX, a tokenized US money market fund on Ethereum, building reserve infrastructure for stablecoin issuers.
ETH · Demand · Positive JPMorgan chose Ethereum to launch its tokenized money market fund, adding institutional on-chain activity.
BLK · Demand · Positive BlackRock is working with JPMorgan to provide tokenized money market products that could support stablecoin reserves.
Bank of America Q3 Earnings Preview: Analysts See $1.11 EPS, $30.62 Billion Revenue
Wall Street analysts expect Bank of America to report quarterly earnings of $1.11 per share in its forthcoming report, a 4.7% increase year over year, on revenues projected to reach $30.62 billion, up 9% from the same quarter last year. The consensus EPS estimate for the quarter has been revised downward by 0.5% over the past 30 days. Among the key metrics analysts track, the consensus estimate for the efficiency ratio on a fully taxable-equivalent basis stands at 59.8%, compared with 61.4% a year earlier, while net interest income on a fully taxable-equivalent basis is projected at $16.55 billion versus $15.39 billion in the year-ago quarter. Total noninterest income is expected to come in at $14.32 billion, up from $12.86 billion, with investment banking fees projected at $1.71 billion, down from $2.01 billion, and total fees and commissions seen at $11.00 billion versus $10.34 billion. Analysts also forecast total earning assets on an average balance basis of $3112.61 billion, book value per share of common stock of $39.68, total nonperforming loans and leases of $6.46 billion, a Tier 1 capital ratio of 12.4% and a Tier 1 leverage ratio of 6.5%.
BAC · Capital · Neutral Q3 earnings preview: analysts expect $1.11 EPS and $30.62B revenue, but the consensus EPS estimate was revised downward 0.5% over the past 30 days.
Bank of New York Mellon Seen 12% Undervalued Ahead of October 15 Earnings
Bank of New York Mellon Corporation is drawing fresh analyst attention ahead of its October 15 earnings date, with expectations for higher revenue and profit following a recent US$500 million share offering. The most followed narrative pegs BNY's fair value at $163.36, roughly 12% above the last close of US$143.61 per share, leaving the stock about 1% below one fair value estimate and about 14% under the average analyst target. The shares have cooled 11.8% over the past 30 days, even as the year to date share price return stands at 22.7% and the 1 year total shareholder return is 36.8%, while the 3 year total shareholder return sits at 2.7x and the 5 year total shareholder return at almost 1.9x. Accelerated investment in digital platforms, including an AI supported platform operating model funded by roughly US$4b of annual engineering spend and hundreds of AI use cases, is now showing up in 600 basis points of positive operating leverage in the first half of 2026. The narrative could still crack if fee pressure bites into custody and asset servicing, or if sector wide multiple compression undercuts that 12% undervaluation story.
BNY · Capital · Positive Analyst narrative pegs BNY fair value at $163.36, ~12% above the last close, ahead of October 15 earnings with expectations for higher revenue and profit.
Bualuang maintains Buy on KTB with 47 baht target, citing Paotang upside
Bualuang Securities stated that KTB has a digital customer base far larger than other banks, especially Paotang with more than 40 million users and Krungthai NEXT with around 22 million users. However, revenue from these customer bases is currently still quite limited, so it sees the medium-to-long-term upside as converting these usage bases into revenue from loans and increased sales of financial products. It estimates incremental profit from Paotang at approximately 93 million baht in 2026, 227 million baht in 2027, and 436 million baht in 2028, or about 0.8% of the 2028 profit forecast. In addition, KTB has upside from its wealth management business, with fee income in 2026 expected to grow 10% YoY and grow another 3% in 2027, and the proportion of fee income to total revenue is expected to rise from 14% in 2025 to 17% in 2028, which is still much lower than the industry. Profit trends in 2027 are expected to return to 8% YoY growth, the highest growth in the banking group, supported by loans, fee income, and an improving cost-to-income ratio. Meanwhile, asset quality remains strong, and dividend yield is expected at around 5.5–6%, so it continues to recommend Buy with a target price of 47 baht.
Barclays upgrades SEB and Swedbank, turns bullish on Swedish banks
Barclays turned positive on Swedish banks, upgrading SEB and Swedbank to Overweight and Handelsbanken to Equal Weight as it sees corporate lending recovering and the Riksbank set to raise interest rates again. Analysts led by Namita Samtani said most European banks have de-rated since late August on sovereign spread and fiscal worries, but Swedish banks have not, and Sweden has undertaken the Nordics' deepest corporate deleveraging since 2022, with corporate debt down about 15 percentage points of GDP from its peak and corporate lending growth rebounding to 4% from minus 1% in 2024. Barclays raised its SEB target to SEK262 from SEK204 and called it the preferred way to capture a recovery in large-corporate borrowing, seeing EPS 6-7% above consensus for 2027-28, while Swedbank's target rose to SEK467 from SEK347 on rate sensitivity and Handelsbanken moved to Equal Weight from Underweight with a target of SEK146. The bank forecasts two more Riksbank hikes of 25 basis points, in November 2026 and June 2027, noting Swedish banks are among Europe's most rate-sensitive, with a 50 basis point rise adding about 8% to 2027 pre-tax profit on average versus about 5% for Nordic banks and 2.1% for European peers. Elsewhere in the Nordic shake-up, Barclays kept Jyske Bank at Overweight with a target of DKK1,340 from DKK1,045, double-downgraded Norway's DNB to Underweight from Overweight with a target cut 15% to NOK282, cut Danske Bank to Equal Weight from Overweight, and stayed Underweight Nordea.
0GUX.LSE · Capital · Positive Barclays upgraded SEB to Overweight and raised its target to SEK262, calling it the preferred way to capture recovering large-corporate borrowing.
0H6T.LSE · Capital · Positive Barclays upgraded Swedbank to Overweight and raised its target to SEK467 on rate sensitivity.
0O84.LSE · Capital · Negative Barclays double-downgraded DNB to Underweight from Overweight and cut its target 15% to NOK282.
0R7R.LSE · Capital · Positive Barclays upgraded Handelsbanken to Equal Weight from Underweight with a SEK146 target.
0R7S.LSE · Capital · Positive Barclays upgraded Handelsbanken to Equal Weight from Underweight with a SEK146 target.
0MGD.LSE · Capital · Positive Barclays kept Jyske Bank at Overweight and raised its target to DKK1,340 from DKK1,045.
Ant Digital and HSBC Complete AI Agent Micropayment Verification Test
Ant Digital Technologies and HSBC have successfully completed a technical verification test showing how AI agents could act on behalf of a user to manage service interactions and the associated payment as one connected, automated process. The test combined HSBC's Tokenised Deposit Service, Ant Digital Technologies' Anvita Flow network and its Jovay Testnet blockchain environment, with HSBC providing TDS and related settlement capabilities including real-time risk checks through its MCP interface. In the demonstration, an AI agent discovered and used a digital service, made a micropayment, often defined as less than $2.00, and completed the transaction with real-time settlement, with Jovay Testnet serving as the underlying Layer 2 test environment for the blockchain transactions. The companies said the test was carried out solely as an exploration of the technology and does not represent a commercial launch or live customer proposition. Zhuoqun Bian, President of Blockchain Business at Ant Digital Technologies, said the verification demonstrates the potential use of on-chain AI agents, while Lewis Sun, Global Head of Digital Currencies at HSBC, said the bank is exploring how continued innovation, new use cases and collaboration could enhance the customer experience and reduce friction for clients.
HSBA.LSE · Technology · Positive HSBC completed a technical verification test of AI-agent micropayments using its Tokenised Deposit Service and MCP risk checks.
Ant Digital Technologies · Technology · Positive Ant Digital's Anvita Flow network and Jovay Testnet were used in the successful AI-agent micropayment verification test with HSBC.
EEC Joins Hands with Bangkok Bank to Sign MOU Elevating Financial Transaction Services for Investment in the EEC Area
Chula Sukmanop, Secretary-General of the Eastern Economic Corridor Policy Committee, or EECO, and Charamporn Jotikasthira, a director of Bangkok Bank, jointly signed a memorandum of understanding, or MOU, on the development of innovations and services to drive investment promotion in the Eastern Economic Corridor and to elevate the investment ecosystem in the EEC area. This cooperation aims to promote the development of innovations, services, and digital technology infrastructure so that investors and operators in target industries can access financial, investment, and business products and services thoroughly, conveniently, quickly, and securely. Both parties will also jointly study ways to apply digital technology to enhance the reliability and efficiency of the use of EECO's electronic permits and documents, including the linking and exchange of electronic data and documents, as well as the exchange of knowledge, personnel development, and research studies to elevate the platform toward actual use. This cooperation between EECO and Bangkok Bank is regarded as another important step in integrating the potential of the public sector and the financial sector in bringing digital technology to develop services and processes related to investment, in order to enhance the competitiveness of the EEC area and Thailand sustainably.
BBL.BK · Demand · Positive Bangkok Bank signed an MOU with EECO to develop financial services and digital infrastructure for investors in the EEC area, expanding its business service offerings.
Bualuang scans KTB, Paotang to boost profit by 436 million baht in 2028
Bualuang Securities estimates that Krungthai Bank, or KTB, has a digital customer base far larger than other banks, especially Paotang with more than 40 million users and Krungthai NEXT with around 22 million more. But revenue from these customer bases is still relatively limited. The research team therefore sees the medium-to-long-term upside as converting these user bases into revenue from loans and more sales of financial products. It estimates the incremental profit from Paotang at approximately 93 million baht in 2026, 227 million baht in 2027 and 436 million baht in 2028, or about 0.8% of its 2028 profit forecast. It also expects fee income in 2026 to grow 10% year on year and to grow another 3% in 2027, with the proportion of fee income to total revenue rising from 14% in 2025 to 17% in 2028, which is still far below the industry. The research team expects profit in 2027 to return to 8% year-on-year growth, the highest in the banking group, supported by loans, fee income and an improving cost-to-income ratio. It also expects a dividend yield of around 5.5–6% and maintains a buy recommendation with a target price of 47 baht.
Wells Fargo Under Federal Review Over Black Homeownership Lending
Wells Fargo is under federal review as HUD and the Trump administration examine its Black homeownership lending practices, assessing whether the bank's mortgage approvals, pricing and outreach programs treated Black borrowers differently from other applicants. The bank is also in advanced talks with Payward, parent of the Kraken crypto exchange, to source liquidity for digital asset trading. Wells Fargo is one of the largest US banks by market size, with a reported market cap of $242.7 billion and a mix of mortgage, consumer, commercial and investment services. The HUD probe presses on the bank's ability to keep risk controls tight as it leans into growth, while any fresh restrictions on mortgage programs or fair-lending settlements could constrain how aggressively it uses its post-cap balance sheet relative to JPMorgan or Bank of America. The Payward talks, by contrast, line up with Wells Fargo's push into higher-fee and wealth businesses, with the financial impact hinging on how tightly new digital-asset offerings are ring-fenced within existing risk frameworks and on whether regulators attach extra conditions before approving broader rollouts.
WFC · Regulation · Negative HUD and the Trump administration are reviewing whether Wells Fargo's mortgage approvals, pricing and outreach treated Black borrowers differently.
WFC · Demand · Positive Advanced talks with Payward/Kraken to source digital-asset trading liquidity support its push into higher-fee wealth businesses.
Kraken (Payward Inc.) · Demand · Positive Payward, parent of Kraken, is in advanced talks to supply liquidity for Wells Fargo's digital asset trading.
TD Bank Wins OSFI Approval for C$10B Share Buyback
TD Bank Group has received approval from Canada's banking regulator, OSFI, for a new share buyback program. The program authorizes the repurchase and cancellation of up to C$10B worth of common shares, capped at 61M shares. The new share repurchase program is scheduled to commence on October 9, 2026.
SCB WEALTH Partners with InnovestX to Link Investment Portfolios and Elevate Holistic Wealth Across the SCBX Group
SCB WEALTH has announced a partnership with InnovestX to link customers' investment portfolios into Siam Commercial Bank's wealth ecosystem, aiming to elevate holistic customer care within the SCBX group. InnovestX customers can combine the value of their investment portfolios, including private funds, structured notes, mutual funds, foreign-asset-linked structured notes, and foreign mutual funds, with assets held at Siam Commercial Bank, so that their SCB WEALTH status can be assessed at the SCB PRIVATE BANKING, SCB FIRST, and SCB PRIME levels according to the bank's criteria. Paramashiri Manolomai, Head of Wealth Business at Siam Commercial Bank, said this partnership helps customers access status, services, and privileges better suited to their level of wealth. Ekachai Panyakhamlerd, Chief Executive Officer of InnovestX Securities, said the partnership combines InnovestX's strengths in its investment platform with SCB WEALTH's expertise in wealth customer care. SCB WEALTH is also launching two special programs: a Fast Track approach for upgrading status to SCB PRIME and SCB FIRST, and an Up-Tier Program under the concept ELEVATING YOUR WEALTH, REFINING EVERY JOURNEY, under which customers with cumulative new investments of 3 million baht or more in participating mutual funds and investment products will receive benefits and gifts according to their investment tier. Customers can check their status and confirm their eligibility from October 1, 2026 onward.
SCB.BK · Demand · Positive SCB WEALTH partners with InnovestX to link investment portfolios into its wealth ecosystem, expanding its wealth-management customer base and assets.
InnovestX Securities Company Limited · Demand · Positive InnovestX customers can combine their investment portfolios with SCB assets to gain SCB WEALTH status, deepening engagement with InnovestX's investment platform.
Brokerage recommends buying KTB with a 47 baht target, highlighting Paotang and Krungthai NEXT to drive fee income growth
Analysts at Bualuang Securities recommend "buy" on KTB shares with a target price of 47 baht, seeing substantial room for the bank to grow net fee income over the medium to long term by using a digital ecosystem centered on the Paotang app and Krungthai NEXT to convert usage volume into sales of financial products. Paotang has 40 million users and Krungthai NEXT has 22 million users, helping the bank distribute mutual funds, insurance, bonds, loans and wealth management products at a relatively low additional customer acquisition cost. The research team estimates that digital loans and fees through the Paotang app will generate additional profit above the current forecast of 93 million baht in 2026, rising to 227 million baht in 2027, equal to 0.5% of forecast net profit, and 436 million baht in 2028, equal to 0.8% of forecast net profit. Meanwhile, KTB's forecast net fee income stands at 25.2 billion baht in 2026, up 10%, and 25.9 billion baht in 2027, up 3%. KTB's ratio of net fee income to operating income was 14% in 2025, below the average of 17% for the banks the research team covers, and is expected to rise to 17% in 2028, compared with an expected average of 20% in 2028 for the banks it recommends.
KTB.BK · Capital · Positive Bualuang Securities recommends buy on KTB with a 47 baht target price, citing digital ecosystem-driven net fee income growth.
Ex-Barclays trader Jay Merchant to sue bank after Libor conviction quashed
Jay Merchant, a former Barclays trader, plans to sue the bank after his conviction for Libor rigging was overturned by the Court of Appeal on Wednesday. Merchant, 55, was jailed in 2016 for conspiracy to defraud over the alleged manipulation of the now-defunct interest-rate benchmark, and served more than two years of an initial six-and-a-half-year sentence before his conviction was quashed alongside those of five other former Barclays employees. He now intends to bring a civil claim against Barclays, accusing the bank of sacrificing lower-level staff to protect itself and of benefiting from lower financial penalties from regulators by casting blame on individual employees. The decisions followed a Supreme Court ruling last year in the cases of Tom Hayes, a former Citigroup and UBS trader, and Carlo Palombo, a former Barclays employee, in which the court found the trial judge's directions to the jury were legally inaccurate and unfair. With Wednesday's decision, nine convictions previously secured by the Serious Fraud Office in connection with the scandal have now been set aside; the Libor controversy erupted in 2012 and resulted in nearly $10bn in total fines from international regulators. A Barclays spokesman declined to comment.
BARC.LSE · Regulation · Negative Ex-Barclays trader Jay Merchant plans to sue the bank after his Libor conviction was quashed, accusing Barclays of scapegoating staff.
Mid Penn Bank Appoints Christopher Nestore as Chief Risk Officer
Mid Penn Bank has named Christopher Nestore as senior executive vice president and chief risk officer, the bank announced. Nestore will lead the Bank's enterprise risk management function and report to Rory Ritrievi, president and CEO of Mid Penn Bank. He brings 30 years of financial services experience in enterprise risk, regulatory remediation, audit, governance and controls, most recently serving as executive vice president and head of U.S. operational and model risk management at TD Bank. Ritrievi said Nestore's strategic perspective and proven ability to build strong risk management programs will be instrumental as Mid Penn Bank continues to grow toward and potentially beyond $10 billion in assets. Mid Penn Bank, headquartered in Millersburg, Pennsylvania, operates 59 retail locations throughout Pennsylvania and central and southern New Jersey and has total assets of approximately $7 billion.
MPB · Capital · Positive Mid Penn Bank appoints a seasoned chief risk officer to lead enterprise risk management as it grows toward $10 billion in assets.
Citigroup Set to Report Q3 2026 Results on Oct. 13
Citigroup Inc. is slated to report third-quarter 2026 results on Oct. 13, before market open, with the Zacks Consensus Estimate pegging revenues at $23.66 billion, a 7.1% year-over-year increase, and earnings revised downward over the past seven days to $2.66, indicating 18.8% growth from the prior-year quarter. The consensus estimate for net interest income is pinned at $16.6 billion, suggesting an 11.1% year-over-year rise, while total non-interest income is pegged at $7.2 billion, a marginal year-over-year increase. Within non-interest income, the consensus estimate for markets revenues is $6.1 billion, implying a 9.1% year-over-year rise, income from commissions and fees is pinned at $2.9 billion for a 2.1% increase, income from principal transactions is pegged at $3.1 billion for a 10.1% increase, and administration and other fiduciary fees is $1.2 billion for a 5% rise. Management guided for third-quarter 2026 investment banking revenues to increase in the low single digits year over year and markets revenues to grow in the mid-single digits, while the consensus estimate for non-accrual loans is pegged at $3.72 billion, up 1.1% from the prior-year quarter. Citigroup carries a Zacks Rank #3 and an Earnings ESP of +0.36%, and its shares plunged 7.5% in the third quarter of 2026 compared with the industry's 2.9% decline.
HUD Opens Fair-Lending Probe Into Wells Fargo Over Minority Homeowner Program
The Department of Housing and Urban Development is planning to investigate Wells Fargo's compliance with fair-lending laws, sending a letter to CEO Charlie Scharf stating it would examine allegations that the bank favored Black and other minority homeowners. The scrutiny stems from Wells Fargo's nearly decade-long effort to address the homeownership gap among Black Americans, including a 2017 commitment of $60 billion in loans to help add at least 250,000 Black homeowners by 2027 and a 2022 expansion to refinance minority-owned homes using its own funds. By late 2023, the bank had fulfilled about 40% of its original lending commitment and helped refinance roughly 5,100 customers. HUD alleges Wells Fargo adopted a strategy of sorting homeowners and offering different products or terms based on race, and HUD Secretary Scott Turner said the agency plans a full review of the bank's statements and practices, with the review also covering similar initiatives at other banks. The probe lands after Wells Fargo terminated 14 consent orders since 2019, saw the Federal Reserve lift its nearly seven-year asset cap in June 2025 and close its 2018 governance and risk-management enforcement action in March 2026, and received an upgrade of its long-term issuer credit rating to A- from BBB+ with a stable outlook from S&P Global Ratings last month. Wells Fargo shares lost 1.5% in yesterday's trading session and have fallen 6.6% over the past six months against the industry's growth of 4.8%.
JPMorgan Q3 Earnings Preview: Revenue Seen Up 12.5% to $52.21 Billion
JPMorgan is scheduled to report third-quarter 2026 earnings on Oct. 13 before the opening bell, with the Zacks Consensus Estimate projecting revenues of $52.21 billion, a 12.5% year-over-year rise, and earnings of $5.94 per share, up 17.2% from the prior-year quarter. The consensus estimate for net interest income of $27 billion implies a 12.5% increase, while management expects third-quarter investment banking fees to rise in the mid-to-high teens year over year, with the consensus estimate for investment banking revenues in the CIB segment at $3.08 billion, up 17.2%. Management also expects third-quarter markets revenues to increase in the mid-to-high teens year over year, with the consensus estimate for equity markets revenues at $4.5 billion, a 35% jump, and fixed-income markets revenues at $5.89 billion, up 5%. Mortgage fees and related income are expected to fall 10.4% to $343 million, while the consensus estimate for non-accrual loans of $10.4 billion implies a 3% rise and non-performing assets of $11.29 billion suggest a 6.2% increase. JPMorgan carries a Zacks Rank #3 and an Earnings ESP of +1.18%, and its enhanced capital-return plans include a $50-billion share repurchase authorization and a 10% dividend increase.
PNC Expected to Post $4.97 EPS as Analysts Turn Bullish Ahead of October 15 Report
The PNC Financial Services Group is expected to report quarterly earnings of $4.97 per share when it releases results for the quarter ended September 2026 on October 15, a year-over-year increase of 14.3%, on revenues of $6.6 billion, up 11.1% from the year-ago quarter. The consensus EPS estimate has been revised 0.06% lower over the last 30 days, but the Most Accurate Estimate now sits above the Zacks Consensus Estimate, producing an Earnings ESP of +0.80% alongside a Zacks Rank of #3. That combination suggests PNC will most likely beat the consensus EPS estimate, according to Zacks Investment Research. PNC beat consensus EPS estimates in each of the last four quarters, including a surprise of +7.54% in the last reported quarter when it posted $4.85 against an expected $4.51. Separately, Bank of America, another stock in the Zacks Financial - Investment Bank industry, is expected to post earnings of $1.12 per share for the quarter ended September 2026, a year-over-year change of +5.7%, on revenues of $30.62 billion, up 9%, though its Earnings ESP of -0.24% and Zacks Rank of #3 make a beat difficult to predict.
PNC · Capital · Positive Analysts expect PNC to beat the $4.97 consensus EPS estimate, supported by a positive Earnings ESP and a history of four straight beats.
BAC · Capital · Neutral Mentioned only as a peer expected to post $1.12 EPS, with a negative ESP making a beat difficult to predict.
First Horizon Expected to Post $0.53 EPS as Analysts Turn Bearish Ahead of October 15 Report
First Horizon National is expected to report quarterly earnings of $0.53 per share when it releases results for the quarter ended September 2026 on October 15, a year-over-year increase of 3.9%, on revenues of $889.7 million, up 0.1% from the year-ago quarter. The consensus EPS estimate has been revised 0.67% higher over the last 30 days, but the Most Accurate Estimate now sits below the Zacks Consensus Estimate, producing an Earnings ESP of -0.55% and suggesting analysts have recently turned bearish on the company's earnings prospects. The stock carries a Zacks Rank of #3, a combination that makes it difficult to conclusively predict an earnings beat. First Horizon beat consensus in each of the last four quarters, including a surprise of +3.85% in the last reported quarter when it posted $0.54 per share against an expected $0.52.
FHN · Capital · Neutral Analysts turned bearish ahead of the Oct 15 earnings report, with a negative Earnings ESP of -0.55% and a Zacks Rank #3 making an earnings beat hard to predict.
Wall Street analysts expect JPMorgan Chase & Co. to report third-quarter earnings of $5.94 per share, up 17.2% from the same period last year, on revenues of $52.21 billion, a year-over-year increase of 12.5%. The consensus EPS estimate has been revised upward by 0.3% over the past 30 days. Among the key metrics analysts model, net interest income is projected at $26.96 billion versus $23.97 billion a year ago, while managed net interest income is seen at $26.84 billion compared with $24.07 billion. Total noninterest revenue is forecast at $24.74 billion, up from $22.46 billion, with investment banking fees of $3.04 billion and principal transactions of $7.33 billion. Book value per share is expected to reach $134.63, up from $124.96, and the Tier 1 Capital Ratio - Standardized is estimated at 15.0%, down from 15.8% a year earlier.
Wells Fargo is expected to report quarterly earnings of $1.85 per share when it releases its third-quarter results, an increase of 6.9% year over year, on revenues projected to reach $22.15 billion, up 3.3% from the same quarter last year. The consensus EPS estimate for the quarter has been revised upward by 1% over the past 30 days. Among the key metrics Wall Street models, analysts expect average balance for total interest-earning assets of $2089.78 billion, book value per common share of $54.96, and a return on equity of 13.5%. Net interest income is forecast at $12.63 billion and total noninterest income at $9.59 billion, while the efficiency ratio is seen at 62.5%. Analysts also project total nonperforming assets of $8.47 billion, total nonaccrual loans of $8.17 billion, and net loan charge-offs of $985.61 million, with a Common Equity Tier 1 standardized ratio of 10.1%.
Bangkok Bank Partners with Permata to Bridge Thai-Indonesian Business
Bangkok Bank has signed a cooperation agreement with Indonesia's Bank Permata to serve as a platform linking Thai and Indonesian entrepreneurs for business matching, access to local partners and sources of capital, with the goal of expanding trade and investment between the two countries. Mr. Chartsiri Sophonpanich, President of Bangkok Bank, said the bank organized the Bangkok Bank Indonesia Exclusive Trip, bringing a total of 37 corporate customers, comprising large, medium and small business clients, to meet and hold discussions with customers of Bank Permata in Jakarta from September 27 to 30, 2026. Bank Permata has more than 200 branches covering 81 key cities across Indonesia. Mr. Prapan Disyatat, Thailand's Ambassador to Indonesia, noted that the activity aligns with the Thailand-Indonesia Strategic Partnership Plan for 2026-2030. Meanwhile, Mrs. Melisa Rusli, Managing Director of Bank Permata Indonesia, said the cooperation will combine Bangkok Bank's regional network with Bank Permata's local market expertise. Currently, Thailand and Indonesia are working to expand bilateral trade value from approximately 19.5 billion US dollars in 2025 toward a maximum target of 23 billion US dollars by 2030.
BBL.BK · Demand · Positive Bangkok Bank signed a cooperation agreement with Bank Permata to link Thai and Indonesian entrepreneurs, expanding its corporate client business matching and capital access.
PT Bank Permata Tbk · Demand · Positive Bank Permata's cooperation with Bangkok Bank brings 37 Thai corporate customers to Jakarta, expanding its local client base and business matching.
Bangkok Bank and Permata Lead 37 Thai Companies into the Indonesian Market, Targeting $23 Billion in Trade
Bangkok Bank has joined forces with Bank Permata of Indonesia to organise the Bangkok Bank Indonesia Exclusive Trip, bringing a total of 37 corporate clients — large, mid-sized and small — to meet and hold discussions with Bank Permata's clients in Jakarta from 27 to 30 September 2026. The event draws on Bank Permata's network of more than 200 branches covering 85 key cities across Indonesia as a bridge linking businesses in the two countries. The event was welcomed by Chartsiri Sophonpanich, President of Bangkok Bank, and Melisa Rusli, Managing Director of Bank Permata, together with Hari Prabowo, Indonesian Ambassador to Thailand, Prapan Disyatat, Thai Ambassador to Indonesia, and Santo Darmosumarto, Director-General of the Asia-Pacific and Africa Affairs Department at Indonesia's Ministry of Foreign Affairs. The cooperation aligns with the Thailand–Indonesia Strategic Partnership Roadmap for 2026–2030, which aims to raise the value of bilateral trade from 19.5 billion US dollars in 2025 to 23 billion US dollars by 2030, focusing on key industries including agriculture, digital services, green energy, halal products and fishery goods, as well as electric vehicles and printed circuit boards.
BBL.BK · Demand · Positive Bangkok Bank organizes the Indonesia Exclusive Trip, connecting 37 corporate clients with Bank Permata's network to drive cross-border business and trade.
Standard Chartered launches digital asset custody service in Singapore
Standard Chartered announced plans to launch a digital asset custody service for institutional clients in Singapore. The London-headquartered multinational bank will provide custody for certain cryptocurrencies, stablecoins and tokenised real-world assets to institutional and corporate clients that are large investors, subject to relevant regulatory requirements, according to a news release last Thursday. The bank said Singapore's role as a leading financial and innovation hub is a key part of its global strategy. The planned service in Singapore will help broaden the bank's asset custody offerings, after it announced in May plans to consolidate its asset custody operations through the acquisition of Zodia Custody's asset custody business and the spin-off of Zodia Solutions, following shareholder acceptance of the bank's offer. In the United Arab Emirates, the bank's services cover cryptocurrency trading for institutional clients and fiat payment infrastructure, having launched Bitcoin and Ether spot trading last month, while an agreement with CoinMENA signed in June supports fiat deposit and withdrawal systems, client deposit accounts and transaction management based on the exchange's virtual account infrastructure.
STAN.LSE · Capital · Positive Standard Chartered is the subject, launching a new digital asset custody service in Singapore and broadening its asset custody offerings.
BTC · Demand · Positive Standard Chartered's new institutional crypto custody in Singapore, plus its existing BTC/ETH spot trading in the UAE, expands institutional access and demand for Bitcoin.
Zodia Custody · Capital · Neutral Standard Chartered plans to acquire Zodia Custody's asset custody business, a transaction whose net effect on Zodia Custody is unclear.
CoinMENA · Demand · Positive Standard Chartered's June agreement with CoinMENA supports fiat deposit/withdrawal and transaction management on the exchange's infrastructure, expanding its service demand.
Zodia Solutions · Capital · Neutral Zodia Solutions is being spun off as part of Standard Chartered's custody consolidation, with unclear standalone impact.
Heads of Japan's five major financial groups welcome rising rates but flag fiscal concerns
The heads of five major financial institutions, including Sumitomo Mitsui Financial Group, attended a symposium hosted by Nikkei Inc. on the 8th, expressing positive views on rising domestic interest rates while also pointing out that the moves contain elements of a "bad rate rise" driven by fiscal concerns. Junichi Hanzawa, president of Mitsubishi UFJ Financial Group, said that if the rise in rates reflects the economy's underlying strength and higher inflation, it should be viewed positively as part of economic normalization, while also acknowledging that a rise in risk premiums stemming from the market's view of fiscal sustainability is partly reflected. SMFG president Toru Nakashima likewise assessed the current rate rise as "largely the result of a good increase in rates," but said a certain number of investors are concerned about Japan's fiscal health, and noted that risks surrounding the situation in the Middle East are also partly priced into rates. Mizuho Financial Group president Masahiro Kihara cited as a risk the competition for long-term funding amid fiscal expansion by governments and strong investment demand centered on artificial intelligence and data centers, saying he sees an environment in which long-term rates could easily spike and is watching the impact on lower-rated companies. Views on the stock market were largely bullish: Nomura Holdings president Kentaro Okuda expects the Nikkei average to reach around 75,000 yen by year-end and sees a move above 80,000 yen by the end of 2027, while Daiwa Securities Group president Akihiko Ogino mentioned the possibility of 80,000 yen at year-end, 88,000 yen at the end of 2027, and 300,000 yen by 2045.
Citi and Coinbase Link $6 Trillion Payment Network to Stablecoin Rails
Citi and Coinbase announced an expanded collaboration on September 28, 2026 to bridge traditional fiat and digital asset rails for corporate and consumer clients, a partnership first reported by The Wall Street Journal. Under the arrangement, Coinbase Virtual Accounts powered by Citi's Virtual Account Wallet convert incoming fiat into stablecoins automatically, with Coinbase offering a 3.75% annual yield on those balances that is a platform incentive, not a product of the stablecoin issuer, and explicitly not FDIC-insured. Separately, Spring by Citi, the bank's integrated payment acceptance platform, will let institutional clients accept stablecoin payments at checkout, with Coinbase Payments handling the blockchain transaction and Citi converting the digital currency to fiat as bank of record. Citi processes approximately $6 trillion in daily payment volume, banks 90 percent of the top eCommerce companies, and counts 15 of the world's 20 largest FinTechs as clients, and the partnership allows merchants to serve over 150 million stablecoin holders globally without holding, custodying, or managing digital assets directly. The GENIUS Act, enacted July 18, 2025, requires every permitted payment stablecoin issuer to maintain one-to-one reserves using eligible assets by January 18, 2027, and Citi said it is also developing its own stablecoin and plans to launch a tokenized deposit system next year alongside crypto custody services.
C · Demand · Positive Citi's payment network and Spring platform gain stablecoin acceptance capabilities, expanding its corporate/consumer payment services through the Coinbase partnership.
COIN · Demand · Positive Coinbase Virtual Accounts and Coinbase Payments power the new fiat-to-stablecoin rails, giving Coinbase a major distribution channel with Citi's $6T daily payment volume.
Krungsri Auto Partners with OMNIDRIVE to Develop Thailand's First Used EV Inspection Standard
Krungsri Auto, under Bank of Ayudhya, has announced a strategic partnership with OMNIDRIVE (Thailand) Co., Ltd., a specialist in electric vehicle inspection and data analysis, signing a memorandum of understanding to jointly develop a standard for inspecting used electric vehicles. It is the first auto lending provider in Thailand to co-develop such a standard. Ms. Chayanthip Phanmanee, Head of Auto Lending Business at Bank of Ayudhya, said the partnership is part of Krungsri Auto's business plan under its Resilient Growth strategy, aimed at building on its position as the first to create the most complete used EV ecosystem in Thailand. The inspection standard will cover batteries, electrical systems, and vehicle structure, in order to produce data sets that enable more accurate valuation and credit limit assessment. Ms. Hatairat T. Wattanapol, Chief Executive Officer of OMNIDRIVE (Thailand) Co., Ltd., said the company will take on the role of Technical & Data Partner, bringing its expertise in electric vehicles and batteries, its neutrality and standards in vehicle condition assessment, and its specialist personnel to build internationally standardised data sets. OMNIDRIVE is led by Assistant Professor Dr. Chana Yiengkamolsin, Chief Operating Officer, who has more than 30 years of experience in automotive and electric vehicle engineering and serves as academic advisor to the Electric Vehicle Association of Thailand (EVAT). Its inspection team has been certified in advanced used-car appraiser skills by the China Automobile Dealers Association (CADA), and its inspections cover more than 200 items, with results summarised in a standard 1-to-5-star report.
BAY.BK · Demand · Positive Krungsri Auto partners with OMNIDRIVE to build Thailand's first used EV inspection standard, expanding its used EV lending ecosystem and credit assessment capability.
Omnidrive (Thailand) Co., Ltd. · Demand · Positive OMNIDRIVE signs MOU with Krungsri Auto to serve as Technical & Data Partner, gaining a strategic partnership to develop the used EV inspection standard.
Krungthai and Gulf Launch Digital Bond GULF with 2.80% Interest, Subscriptions Open October 19
Krungthai Bank, or KTB, has teamed up with Gulf Development to offer investors subscriptions to the GULF digital bond, a 7-year note with a fixed interest rate of 2.80% per year, paying interest every 6 months, through the bond trading wallet on the Paotang application, from October 19, 2026, at 08:30 to October 21, 2026, at 15:00, or until the full offering amount is reached. The minimum subscription is 1,000 baht, in multiples of 1,000 baht, with a maximum of 50 million baht per subscription, allocated on a first-come, first-served basis. The bond is a registered, unsubordinated, unsecured note with a bondholders' representative, and has been rated AA- with a stable outlook by TRIS Rating on August 24, 2026. GULF reported record operating profit in the second quarter of 2026 of 12.332 billion baht, up 74%, with total revenue of 50.294 billion baht, up 24% from the same period last year, driven by its energy businesses, including natural gas power plants, renewable energy power plants, and natural gas procurement and wholesale trading, as well as its share of profit from AIS. Investors can also trade the bond in the secondary market through digital channels in real time, 24 hours a day.
KTB.BK · Capital · Positive Krungthai Bank is partnering with Gulf to offer the GULF digital bond subscriptions via its Paotang app, a financing/distribution event.
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