SG Bank Earnings: Which Giants Will Beat After Over 20% Gains YTD?
@Tiger_SG๏ผ
On Thursday and Friday, three big banks in Singapore will release earnings.As of November 5, 2024, they have delivered strong performances year-to-date. $DBS Group Holdings(D05.SI)$ has led the pack with a 34.96% gain, followed by $ocbc bank(O39.SI)$ at 25.13%, and $UOB(U11.SI)$ at 21.70%. All three have notably outperformed the Straits Times Index (STI), which has risen by 12.91% over the same period.1. How do three giants perform in last quarter?In the previous quarter (Q2 2024), all three banks delivered solid results.DBS' net interest margin (NIM) remained stable, while OCBC saw a slight decline of 7 basis points in NIM. UOB, on the other hand, recorded