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Shares of S’pore banks hit new highs on higher-for-longer rates, strong Q4 earnings expectations
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Shares rallied on expectations of banks' strong earnings in the fourth quarter.
PHOTO: ST FILE
SINGAPORE – Shares of DBS Bank, OCBC Bank and UOB hit record highs this week, fuelled by high interest rates and investor expectations that the trio racked up strong earnings in the fourth quarter of 2024, said analysts.
DBS stocks closed at $45.44 on Jan 8, bringing its gains over the past 12 months to around 52 per cent.
