3 Bank Stocks to Look At Right Now

3 Bank Stocks to Look At Right Now

When Will You Sell A Stock

Below are 3 bank stocks to look at right now. Today, the Singapore Stock market opened weaker because of the following overnight losses on global markets.

I am not an expert in analysing banks but I know from the past investment seminars I attended that they operate by taking in money as deposits and then lending that money out as loans. The current high interest rates environment benefit banks as they can increase the interest rates charged on loans to businesses.

If you are keen what metrics to watch out for related to banks, Syfe has an excellent article here.

As a dividend investor, I will be keen on the current dividend yield given that the share prices have came down from its peak recently. If you have subscribed to my blog, you should know that my stock portfolio is overweight on REITs.

Unlike banks, REITs suffer under the higher interest rate environment as fundamentally REITs operate based on debt. I am self aware and thus will be accumulating banking stocks in my stock portfolio to balance it out.

Using Stocks Café Stock Screener, I quickly pulled out the metrics for DBS (SGX:D05), OCBC Bank (SGX:O39) and UOB UOB (SGX:U11).

DBS, OCBC and UOB stock price closed at $31.44, $12.60 and $27.23 respectively. I have added more of OCBC to my stock portfolio. As such, OCBC Bank now makes up 3.69% of my stock portfolio.

Portfolio_202311_November

Below are 3 Bank Stocks to Look At Right Now

DBS (SGX:D05)
Current Dividend Yield: 7.26%
Price to Equity: 8.13
Price to Book: 1.36
Market Capitalization: SGD 81.8B

OCBC Bank (SGX:O39)
Current Dividend Yield: 6.34%
Price to Equity: 7.60
Price to Book: 1.09
Market Capitalization: SGD 56.7B

UOB (SGX:U11)
Current Dividend Yield: 5.87%
Price to Equity: 7.28
Price to Book: 0.99
Market Capitalization: SGD 45.6B

One comment

  1. Thanks for sharing the article. It is a good summary of the three big banks’ financial metrics, and your stock portfolio breakdowns. My question is on the definition of Price/Equity. Isn’t it similar to Price-to-Book Value (P/B) ratio multiple, or have I misunderstood it. Should Price/Equity necessarily be Price/Earnings (P/E) ratio multiple instead? Thank you.

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