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Net Interest Margin

All articles tagged with #net interest margin

finance2 years ago•1 min saved

DBS Surpasses Expectations with Record Profits Driven by Higher Interest Margins

DBS Group, Southeast Asia's largest lender, reported a 17% increase in third-quarter profit, reaching SG$2.63 billion ($1.94 billion), surpassing analysts' estimates. The bank attributed its success to a high-interest rate environment and a rise in net interest margin. DBS also declared a dividend of 48 Singapore cents per ordinary share for the quarter. The CEO, Piyush Gupta, expressed optimism for the coming year, citing the potential benefits of higher interest rates and the bank's strong balance sheet.

via CNBC|

#dbs-group #finance #high-interest-rate-environment

finance2 years ago•5 min saved

The Cost of Deposits: Banks' Profit Outlook Under Pressure

US banks are facing higher funding costs as they compete to keep or attract depositors, with bank deposit rates reaching their highest level in over a decade. These increased costs are eating into banks' net interest margin, a key measure of profitability. As a result, some mid-sized regional banks may see a drag on their second-quarter results and lower earnings estimates for the rest of the year. The first set of second-quarter earnings from major US banks, including JPMorgan Chase, Citigroup, Wells Fargo, and State Street, will be closely watched by investors. Additionally, banks heavily reliant on investment banking, such as Goldman Sachs, may face challenges due to a recent decline in deal making.

via Yahoo Finance|

#banks #deposits #finance

finance2 years ago•7 min saved

The Risky Reality of U.S. Banks and SVB's Fallout

Fifth Third Bank (FITB) has been affected by the failures of Silicon Valley Bank and Signature Bank, but is a quality regional bank that should not trade at current valuations unless there is a full-blown financial system collapse. FITB's stock price should recover from losses suffered in the aftermath of SVB's collapse and return to its pre-March 8 level because the odds of it failing like other U.S. regional lenders are much lower. FITB maintains a conservative business model and has no exposure to high-risk sectors such as crypto or tech start-ups.

via Seeking Alpha|

#banking-crisis #fifth-third-bank #finance