Business & Finance
DBS Profit Beats Estimates as Singapore Lender Raises Guidance
Key Points
DBS Profit Beats Estimates as Singapore Lender Raises Guidance DBS Group Holdings Ltd. reported second-quarter profit that beat expectations, powered by a surge in wealth-led fee income, and raised its 2026 guidance. Net income rose 9% to S$3.1 billion ($2.4 billion) in the three months ended June 30, Southeast Asia’s largest lender said in a statement on Thursday. That compared with the S$2.87 billion average estimate of analysts surveyed by Bloomberg.
DBS Profit Beats Estimates as Singapore Lender Raises Guidance
DBS Group Holdings Ltd. reported second-quarter profit that beat expectations, powered by a surge in wealth-led fee income, and raised its 2026 guidance.
Net income rose 9% to S$3.1 billion ($2.4 billion) in the three months ended June 30, Southeast Asia’s largest lender said in a statement on Thursday. That compared with the S$2.87 billion average estimate of analysts surveyed by Bloomberg. The bank said there’ll be a dividend of 66 Singapore cents a share and a capital return dividend of 15 Singapore cents a share for the quarter.