0249 GMT - Singapore banks' 3Q sequential earnings will likely remain flat to negative, Maybank Securities head of research Thilan Wickramasinghe writes in a report. Net interest margins are declining at a faster clip, offsetting improvements in credit growth and wealth fees, he says. The banks' asset quality is also expected to remain benign, with credit costs within or slightly below their guidance, he adds. However, the banks could report sequential positive momentum in wealth-management fees. "Low rates and risk-on market conditions should catalyze fixed deposit conversion to higher-yield wealth products and bancassurance," he says. Maybank maintains its neutral rating on Singapore banks. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

October 26, 2025 22:49 ET (02:49 GMT)

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