Singapore's top banks are reporting earnings this week. Here's what to expect

Low interest rates globally would squeeze net interest margins or NIMs, a measure of lending profitability, by 11 to 26 basis points compared to the previous quarter, said Krishna Guha, an equity analyst at Jefferies.

Singapore's "circuit breaker" will hit fees from credit cards, wealth management and investment banking, said Rui Wen Lim, equity research analyst from DBS. All in, net profit at the three Singapore-listed banks could fall by between 19% and 33% in the second quarter, according to Refinitiv estimates. OCBC is expected to be hit the least because its insurance arm likely recorded gains in its investment portfolio, analysts said.after the country's financial regulator called on banks to limit dividend payouts for 2020.

"Significant uncertainty exists in terms of the length and depth of the pandemic," he wrote in a note last week.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks seen cautiously higher with U.S. stimulus talks, earnings season in focusEuropean stocks are expected to edge higher Monday morning ahead of another big week for corporate earnings, while U.S. lawmakers attempt to hammer out a new coronavirus aid package.
Source: CNBC - 🏆 12. / 72 Read more »

Disney set to report third quarter earnings after the bellDisney's report will show how partial reopenings of its parks and the return of live sports are impacting its business. Bullish take care Guess they are going to lose a lot of money like 5 billion. How come the left isn’t asking Disney to change its name and name of the Parks ? Afterall Walt Disney was a known racist. Look back and you will see.
Source: CNBC - 🏆 12. / 72 Read more »