DBS Breaks $55 While UOB Slides: Would 2026 Be Harsh For SG Banks?
@Tiger_SG:
Singapore’s two largest banks released their earnings today. $DBS(D05.SI)$ hit a record high, while $UOB(U11.SI)$ plunged 3%. Let’s take a look at the key highlights from their reports.DBS: Delivered strong results despite softer margins; record income and higher dividend show balance-sheet resilience. 2026 guidance implies only a slight dip in earnings, cushioned by wealth-management momentum.UOB: Hit hard by heavy provisioning; 2026 margins likely to fall further. Management prioritizes prudence and coverage, but profit recovery depends on credit-cycle stability.DBS breaks $55 with record income!Q3 results were resilient and beat estimates. NIM narrowed but diversified income offset pressure. Lower