It’s a sign of the times. A surge in interest rates caused by four consecutive rate hikes of 0.75 percentage points each from the US Federal Reserve has led to all three local banks reporting record results for their fiscal 2022’s third quarter (3Q2022). United Overseas Bank Ltd (SGX: U11), or UOB, kicked off the banks’ earnings season by reporting a net profit of S$1.4 billion. Singapore’s largest bank, DBS Group (SGX: D05), also reported a record net profit of S$2.24 billion for 3Q2022 while peer OCBC Ltd (SGX: O39) chalked up its highest-ever net profit of S$1.6 billion. Investors are now faced with a happy dilemma. With the trio of banks reporting stellar sets of earnings, which should you pick to include in your buy watchlist? We break down the various components for all three banks to try to determine this. Income and net profit...