DBS, UOB and OCBC will benefit from the Federal Reserve hiked its benchmark interest rate
$DBS Group Holdings(D05.SG$ $UOB(U11.SG$ $OCBC Bank(O39.SG$
The Federal Reserve has hiked its benchmark interest rate by 0.75 percentage points last month, the sharpest increase in 28 years.
Policymakers have promised further rapid interest rate increases to combat inflation in the US, which has risen to a four-decade high of 8.6%.
DBS, UOB and OCBC will benefit from this surge as they can dole out loans at higher rates, thereby boosting their net interest margin and income.
The Federal Reserve has hiked its benchmark interest rate by 0.75 percentage points last month, the sharpest increase in 28 years.
Policymakers have promised further rapid interest rate increases to combat inflation in the US, which has risen to a four-decade high of 8.6%.
DBS, UOB and OCBC will benefit from this surge as they can dole out loans at higher rates, thereby boosting their net interest margin and income.
Mortgage loans have already seen rates hit multi-year highs as all three banks reprice their loan offerings.
DBS expects to see an uplift of S $1.9 billion for every percentage point rise in the Federal Funds Rate, while UOB and OCBC are projecting its net interest income rising by S $600 million and S $700 million, respectively.
DBS expects to see an uplift of S $1.9 billion for every percentage point rise in the Federal Funds Rate, while UOB and OCBC are projecting its net interest income rising by S $600 million and S $700 million, respectively.
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maxlim : Ok
AlfonsoDex : I hope so.
Not in the situation where interest rates hike too aggressively, driving a recession, financial sector suffers the most.
Milamber : This has been reported several times but market sentiment seems to be bad for banks…. despite potential increase from interest-based revenue…. Hike is wrong, no hike also wrong lol.
Hello12341234 Milamber : All manipulation, just sleep 365 days if you already in
Milamber Hello12341234 : I am in and can’t get out if I want to, without incurring loss. Looking at the profit loss ratio, only 2% moomooers are profitable in DBS
Milamber Hello12341234 : 7% based from latest data
101698798 : even got good news, so what? in the end , share price continue drop.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
eatmi2 : Good stock and good price now.
DiligentJellyfish : hmmm .. gn
whqqq eatmi2 : nice time to buy？![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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