Singapore banks fall ahead of earnings release; OCBC leads bank losses as STI slides 1.4%

Singapore banks fall ahead of earnings as OCBC leads losses and the STI slides 1.4% Read more at straitstimes.com.

The Straits TimesThe Straits Times2026-11-02 13:20查看原文 ↗

The slide comes ahead of the banks’ upcoming third quarter earnings announcements in early November.

Published Nov 02, 2026, 01:20 PM

Updated Nov 02, 2026, 01:20 PM

Singapore banks fell before third-quarter earnings, with OCBC down 3.7%, DBS 2.5% and UOB 2.2%. Great Eastern’s 72% profit drop hit OCBC hardest.

The losses dragged the Straits Times Index down 1.4% to 5,303.84 by noon. UOB reports on Nov 4, then DBS on Nov 5 and OCBC on Nov 6.

Analysts expect softer wealth fees and pressure on net interest margins. They will also watch AI-linked lending, bond yields, and bank capital strength.

SINGAPORE – Shares of Singapore’s three local banks traded lower on the morning of Nov 2, with OCBC recording the steepest decline, ahead of their earnings releases in early November.

As at 11.43 am, OCBC was down $1.07 or 3.7% at $28.22, while DBS fell $1.82 or 2.5% to $71.31. UOB declined $0.89 or 2.2% to $40.48.

OCBC’s sharper decline came after its insurance subsidiary Great Eastern reported a 72% year-on-year fall in third-quarter net profit to $102.9 million on Nov 2, weighed down by weaker investment valuations and a one-off loss from the partial divestment of its Indonesian subsidiary.

By noon, OCBC extended its losses to trade at $28.26. Meanwhile, DBS and UOB pared some of their declines to $71.41 and $40.53, respectively.

The losses among the banking heavyweights weighed on the benchmark Straits Times Index (STI), which was down 1.4% or 72.9 points at 5,303.84 as at noon.

UOB will be the first to report its results on Nov 4, followed by DBS and OCBC on Nov 5 and Nov 6, respectively.

Analysts had earlier told The Business Times that wealth management fees at Singapore banks could ease in the third quarter following a strong showing in the preceding three months, even as pressure on net interest margins persists.

Investors are also expected to scrutinise the banks’ exposure to artificial intelligence-related financing and the impact of rising bond yields on their investment portfolios and capital positions.

However, the analysts expect the banks’ underlying asset quality and capital positions to remain resilient. THE BUSINESS TIMES

Banks and financial institutions

此次下跌发生在各银行即将于11月初公布第三季度财报之前。

发布于2026年11月2日下午1:20

更新于2026年11月2日下午1:20

新加坡银行股在第三季度财报发布前纷纷下跌，其中华侨银行下跌3.7%，星展银行下跌2.5%，大华银行下跌2.2%。大东方银行利润暴跌72%，对华侨银行的冲击最大。

受此影响，海峡时报指数中午下跌1.4%，至5303.84点。大华银行将于11月4日发布财报，星展银行将于11月5日发布，华侨银行将于11月6日发布。

分析师预计财富管理费用将有所下降，净息差将面临压力。他们还将关注人工智能贷款、债券收益率和银行资本实力。

新加坡——11月2日上午，新加坡三大本地银行的股价均出现下跌，其中华侨银行跌幅最大，这三家银行将于11月初发布盈利报告。

截至上午 11 点 43 分，华侨银行股价下跌 1.07 美元或 3.7%，报 28.22 美元；星展银行股价下跌 1.82 美元或 2.5%，报 71.31 美元；大华银行股价下跌 0.89 美元或 2.2%，报 40.48 美元。

华侨银行股价大幅下跌，此前其保险子公司大东方保险于 11 月 2 日公布，第三季度净利润同比下降 72% 至 1.029 亿美元，原因是投资估值走弱以及部分剥离其印尼子公司带来的一次性损失。

截至中午，华侨银行股价跌幅扩大，报28.26美元。与此同时，星展银行和华大银行的跌幅有所收窄，分别报71.41美元和40.53美元。