SINGAPORE (Nov 20): JP Morgan downgrades DBS Group and Oversea-Chinese Banking Corp. to “neutral” from “overweight” and it expects analysts to cut their earnings estimates on Singapore’s banks amid higher credit costs, slower fee income growth and limited gains in net interest margins.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe