DBS hit a record S$55.54 ,up 3.8%, with net profit dipping just 2% year-on-year to S$2.95 billion—surpassing estimates—driven by wealth management inflows and deposits. UOB tumbled 2.78% to S$33.25 after a 72% profit drop to S$443 million, hammered by S$615 million in provisions for US and China  (CRE) risks. OCBC stayed firm, with Q3 profit steady at S$1.98 billion, aided by insurance and fees.These shifts capture 2025's peak interest rate benefits, but 2026's rate cuts from the Fed, ECB, and MAS threaten (NIM) squeezes. Still, the trio's track record impresses: 2020-2025 total returns of +166% for DBS, +96% for OCBC, and +82% for UOB, fueled by 4-5% dividend yields. 2026 won't be dire—profits may ease 3-8%—but non-interest income and dividends provide buffers, with DBS poised strongest.
2026 tests adaptation over expansion: rate normalization caps upside, but robust balance sheets and income diversity ensure no rout. DBS offers relative safety; blend holdings for yield and growth.