Jefferies Sees DBS Earnings Path Steady Into 2027 Despite Quarterly Miss
Jefferies analysts Joanna Cheah and Wei Han Ang say declines in interest income are likely behind DBS. Quarter-end lending margins point to further interest-income growth in the fourth quarter, they say.
DBS looks set to enter 2027 on a resilient earnings path, with declines in interest income likely behind it, Jefferies analysts Joanna Cheah and Wei Han Ang say in a note. Lending margins at quarter-end point to further growth in interest income in 4Q, they say, adding that the bank's costs and ass…