The year 2026 started off strong, but recent geopolitical tensions sent the three major banks sliding. Surprisingly, $DBS(D05.SI)$ , has become this year’s laggard—down 1.2% year-to-date, while $OCBC Bank(O39.SI)$ bucked the trend with a 5.9% gain. In the investment world, a price drop often signals opportunity, especially in dividend yield. Who Has the Stronger Fundamentals? Despite share price pressure, are Singapore banks’ fundamentals really shaken? Let’s review 4Q25 results: OCBC Shines: The only local bank with year-on-year net profit growth (+3.4%) in 4Q25. Non-interest income performed well, and net interest margin (NIM) also rebounded. DBS Under Pressure: Net profit fell 10.5% YoY, mainly due
DBS Up 2%! Are Sellers Done, or Will the Downtrend Resume?
DBS has been sliding after its earnings report and recently fell below SGD 55 amid geopolitical pressures. However, the fundamentals remain solid. DBS has emerged as the laggard year-to-date, with its share price down 2.4%, contrasting with OCBC’s 5.8% gain. This pullback has pushed DBS’s dividend yield to an attractive 5.9%. Do you think DBS is now more appealing than the other two banks? Has this downward trend ended, or is further weakness still ahead?
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