DBS Bear Sees Little Room for Consensus Estimates Upgrades -- Market Talk
Dow Jones
Feb 10
0824 GMT - DBS Group's subdued earnings outlook keeps Macquarie Capital's Jayden Vantarakis bearish on the stock. The Singapore lender expects flat revenue and slightly lower earnings this year, he notes. The lender's strong wealth segment performance is already known, and its asset quality and trading assumptions offer little room for consensus estimates upgrades, the analyst says. He trims his 2026-2027 earnings per share projections by 2.0%-4.0% to reflect DBS's softer-than-expected 4Q results. Macquarie Capital cuts its target price to S$48.67 from S$50.00 while maintaining its underperform rating. Shares fall 0.65% to S$57.81. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 10, 2026 03:24 ET (08:24 GMT)
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