DBS beats estimates, reports 15% profit jump
SINGAPORE, Nov 11 (Reuters) - DBS Group Holdings Ltd , Southeast Asia's biggest lender, reported a forecast-beating 15% rise in quarterly profit, supported by higher wealth management fees.
The Singaporean bank's net profit came in at S$1.63 billion ($1.20 billion) in the three months ended September, compared with S$1.41 billion a year earlier and an average estimate of S$1.57 billion from five analysts, according to Refinitiv data. ($1 = 1.3596 Singapore dollars) (Reporting by Anshuman Daga and Nikhil Kurian Nainan; Editing by Peter Cooney)