JPMorgan has lifted its target

JPMorgan has lifted its target price for DBS to S$70, citing the bank’s strong balance sheet, resilient earnings, and ability to sustain solid dividends ahead. With DBS trading around the mid-S$50s, the new target implies close to 30% upside over the next year.

Despite softer rate expectations, DBS continues to deliver stable profits, healthy fee income, and attractive dividend yields. Analysts say its strong deposit base and disciplined capital management position the bank well going into 2026.

Bottom line: DBS remains one of the most attractive income-plus-growth plays among Singapore banks, though valuations are richer — meaning investors may prefer gradual accumulation or holding for long-term dividends.

JPMorgan’s Latest PT For Banks! Would You Adjust Portfolio by Year-End?

JPMorgan Chase recently upgraded its ratings on Singapore’s three major banks and SGX, sending new signals to investors! It also forecasts $Straits Times Index(STI.SI)$ to reach 6,000 points over the next 12 months (previously 5,000 points). While DBS is highly valued, the trend is still upward; OCBC shows stable growth; UOB is better suited for patient investors. As 2025 comes to a close, are you ready to adjust your positions? Will you continue holding the three major banks? Is SGX a good choice for you? Do you expect the STI to reach 6,000 points?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Analysts say its strong deposit base and disciplined capital management position the bank well going into 2026.\nBottom line: DBS remains one of the most attractive income-plus-growth plays among Singapore banks, though valuations are richer — meaning investors may prefer gradual accumulation or holding for long-term dividends.</body></html>","htmlText":"<html><head></head><body>JPMorgan has lifted its target price for DBS to S$70, citing the bank’s strong balance sheet, resilient earnings, and ability to sustain solid dividends ahead. With DBS trading around the mid-S$50s, the new target implies close to 30% upside over the next year.\nDespite softer rate expectations, DBS continues to deliver stable profits, healthy fee income, and attractive dividend yields. Analysts say its strong deposit base and disciplined capital management position the bank well going into 2026.\nBottom line: DBS remains one of the most attractive income-plus-growth plays among Singapore banks, though valuations are richer — meaning investors may prefer gradual accumulation or holding for long-term dividends.</body></html>","text":"JPMorgan has lifted its target price for DBS to S$70, citing the bank’s strong balance sheet, resilient earnings, and ability to sustain solid dividends ahead. With DBS trading around the mid-S$50s, the new target implies close to 30% upside over the next year. Despite softer rate expectations, DBS continues to deliver stable profits, healthy fee income, and attractive dividend yields. Analysts say its strong deposit base and disciplined capital management position the bank well going into 2026. 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