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DBS Group Holdings Ltd (DBSDY)
- The Smart Investor
DBS Reports Record Profit of S$2.96 Billion and Ups Interim Dividend by 42%: 5 Highlights from the Bank’s 1Q 2024 Earnings
Singapore’s largest bank continues its momentum by reporting an impressive set of results for the quarter. The post DBS Reports Record Profit of S$2.96 Billion and Ups Interim Dividend by 42%: 5 Highlights from the Bank’s 1Q 2024 Earnings appeared first on The Smart Investor.
- Reuters SG
UPDATE 3-DBS sees net profit rising this year after Q1 beats forecasts
Singapore's biggest bank DBS Group expects its net profit to grow this year, it said on Thursday, after posting a 15% rise in first quarter net profit that beat expectations, driven by strong total income growth. "While geopolitical tensions persist, macroeconomic conditions remain resilient and our franchise is well positioned to capture business opportunities," DBS Chief Executive Officer Piyush Gupta said in a statement.
- Reuters
DBS quarterly results trounce forecasts, another record year expected
SINGAPORE (Reuters) -Singapore's biggest bank DBS Group reported on Thursday first-quarter results that trumped expectations with broad-based growth and said it expects net profit to exceed last year's record result. Underpinned by robust business momentum as loans grew and both fee income and treasury customer sales reached new highs, net profit jumped 15% from the same period a year earlier to S$2.96 billion ($2.2 billion), beating market expectations for a 3.5% decline. Guidance that net profit would grow this year was more upbeat than in the previous quarter when DBS said only that it expected this year's net interest income to be around 2023 levels.
