Company Reports

DBS' second-quarter net profit rose 9% year-on-year to SGD 3.1 billion, driven by solid wealth management fee and trading income growth. Loan growth and hedging partly offset lower interest rates. Return on equity remained high at 18%, while DBS declared a dividend of SGD 0.81 cents per share.

DBS Group is the largest bank in Singapore, with operations in Hong Kong, Greater China, Southeast Asia, and India. Besides being Singapore's largest bank, it has also delivered the highest average return on equity in recent years, and we view the group as a top-class operator among Asian banks.

DBS Group is the largest bank in Singapore, with operations in Hong Kong, Greater China, Southeast Asia, and India. Besides being Singapore's largest bank, it has also delivered the highest average return on equity in recent years, and we view the group as a top-class operator among Asian banks.

DBS' first-quarter net profit rose 1% year on year to SGD 2.9 billion, as robust noninterest income growth led by the wealth business offset weaker net interest income as interest rates eased. Return on equity remains strong at 17%. The first-quarter dividend grew 8% to SGD 0.81 per share.

DBS' fourth-quarter pretax profit fell 6% year on year, as lower interest rates pressured net interest income, while net fee income growth also decelerated. Positively, the group raised the dividend per share by SGD 0.06, taking the full-year dividend per share to SGD 3.06.

DBS Group is the largest bank in Singapore, with operations in Hong Kong, Greater China, Southeast Asia, and India. Besides being Singapore's largest bank, it has also delivered the highest average return on equity in recent years, and we view the group as a top-class operator among Asian banks.

DBS' third-quarter preprovision operating profit grew 2% year on year, as a robust noninterest income more than offset softer net interest income. This supports a strong return on equity of 17.1%.

DBS Group is the largest bank in Singapore and operates in Hong Kong, Greater China, Southeast Asia, and India. Besides being Singapore's largest bank, it has also delivered the highest average return on equity in recent years and we view the group as a top-class operator among Asian banks.

We are lowering the Morningstar Uncertainty Ratings for the Singapore banks we cover—DBS Group Holdings, Oversea-Chinese Banking, and United Overseas Bank—to Low from Medium.

DBS Group is the largest bank in Singapore and operates in Hong Kong, Greater China, Southeast Asia, and India. Besides being Singapore's largest bank, it has also delivered the highest average return on equity in recent years and we view the group as a top-class operator among Asian banks.

DBS Group reported second-quarter net profit of SGD 2.82 billion, translating to an annualized return on equity of 17.0%. Shares rose 2% following the results, outperforming peers OCBC and UOB, whose shares fell slightly after earnings.

DBS' first-quarter annualized return on equity was around 17%, aligning with its medium-term target of 15%-17%. Excluding a SGD 205 billion allowance taken as a precaution, return on equity would have hit 18%. Despite tariff-related uncertainties, DBS maintained its guidance with minor adjustments.

DBS Group is the largest bank in Singapore and operates in Hong Kong, Greater China, Southeast Asia, and India. Besides being Singapore's largest bank, it has also delivered the highest average return on equity in recent years and we view the group as a top-class operator among Asian banks.

DBS Group is the largest bank in Singapore and operates in Hong Kong, Greater China, Southeast Asia, and India. Besides being Singapore's largest bank, it has also delivered the highest average return on equity in recent years and we view the group as a top-class operator among Asian banks.

We adjust our Morningstar Uncertainty Ratings for 14 of the 16 Asia, excluding China, stocks we cover after US President Donald Trump announced much more severe tariffs on imports than we or the market were expecting, raising uncertainty over future economic conditions across Asia.

After reporting another strong quarter, DBS Group Holdings announced a quarterly special dividend of SGD 0.15 per share in 2025, in addition to its SGD 0.60 per-share ordinary dividend.

DBS Group is the largest bank in Singapore and operates in Hong Kong, Greater China, Southeast Asia, and India. Besides being Singapore's largest bank, it has also delivered the highest average return on equity in recent years and we view the group as a top-class operator among Asian banks.

DBS Group is the largest bank in Singapore and operates in Hong Kong, Greater China, Southeast Asia, and India. Besides being Singapore's largest bank, it has also delivered the highest average return on equity in recent years and we view the group as a top-class operator among Asian banks.

Comments Thursday from regional Federal Reserve Bank presidents and policy board members suggest the Fed may be more likely to hold than to cut US interest rates. One to two rate cuts are now implied by Fed funds futures prices, versus two to three cuts a month ago.

DBS Group Holdings reported third-quarter net profit of SGD 3.03 billion, representing annualized return on equity of 18.3%, and announced an SGD 3 billion share buyback, or 2.5% of shares outstanding at current prices. The bank's shares rose almost 7% in Singapore trading Thursday.