Strong wealth segment likely to boost Q3 earnings at Singapore banks: analysts

STRONG wealth management fees are likely to have continued boosting earnings at the three local banks during the third quarter of this year, according to analysts awaiting the results of DBS, OCBC and UOB.

A slower-than-expected contraction in net interest margins (NIMs) should also continue to support earnings, despite interest rate cuts, they said.

The local banking trio will report their results for Q3 in November – DBS on Nov 7, followed by OCBC and UOB on Nov 8.