Singapore's DBS surges to record on higher margins, capital return plans
Shares of DBS soared to a record high on Monday after Singapore's largest bank flagged an improvement in net interest income for 2025 and a dividend capital return plan, in line with a jump in fourth-quarter profit that met expectations.
DBS Fourth Quarter Net Rose 10%; Plans Increase in Capital Distribution
DBS Group's fourth-quarter net profit rose mainly due to higher net interest income and fees from its wealth management business. Net profit during the quarter rose 10% to 2.62 billion Singapore dollars, equivalent to US$1.94 billion, DBS Group said Monday.
Rather than the fervour over AI, DBS analysts believe investments with short-term trading purposes are key drivers for both ...
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Gupta's comments come as Southeast Asia's largest bank by assets posted a solid showing in its full year results, with net ...
Singapore's largest bank DBS announced another spate of leadership changes in senior-level appointments on Wednesday (Feb 12) ...
DBS analyst Tabitha Foo maintained a Buy rating on City Developments (CDEVF – Research Report) today. The company’s shares closed last Tuesday ...
The bank, driven by its wealth management business and an increase in loans, reported a net profit of $8.4 billion for 2024, ...
CHILDREN and individuals with special needs can earn and spend tokens by completing tasks in a virtual world – this is what social enterprise SpedGrow has developed to help users learn about financial ...
This significant influx of capital will empower Newronika to expand the clinical validation and commercialization of its ...
DBS Group Holdings (DBSDF – Research Report) received a Hold rating and price target from UOB Kay Hian analyst Jonathan Koh today. The ...
Wealth management saw net new money of $21B for the year, with $6B added in Q4, driven by disciplined client onboarding and product offerings. Gupta noted that the team has budgeted mid-teens growth ...
The stock rose about 15% during the fourth quarter, taking gains for the year to more than 40%. Shares in DBS are trading near record levels, thanks to the lender's strong performance in recent ...
DBS’s 4QFY2024 results briefing marked outgoing CEO Piyush Gupta’s 61st and final session before his retirement in March.
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