DBS Earnings Optimism May Have Already Been Priced In -- Market Talk

Dow Jones11-08

0824 GMT - Investors may have already priced in DBS's positive 2025 outlook for net interest margin and wealth management, CGS International analysts say. They raise the target price to S$43.00 from S$37.30 but keep a hold rating on the stock. That is to consider several factors including potentially fewer U.S. Fed rate cuts, stronger wealth-management fees and treasury income, Andrea Choong and Lim Siew Khee say in a note. They add that the bank was fairly optimistic about business growth continuing into 2025, citing reasons like the visibility of its loan-growth pipeline and improving wealth-management investment. Shares are last 1.5% higher at S$42.32. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

November 08, 2024 03:24 ET (08:24 GMT)

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They add that the bank was fairly optimistic about business growth continuing into 2025, citing reasons like the visibility of its loan-growth pipeline and improving wealth-management investment. Shares are last 1.5% higher at S$42.32. 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