Some analysts have increased their target prices and issued upgrades on DBS Group Holdings after the bank reported a stellar set of numbers during the 1QFY2025 ended March 31. During the quarter, DBS’s core net profit of $2.9 billion came in at 101.4% of the Bloomberg consensus estimate while the bank reported a record total income of $5.9 billion thanks to record-high wealth management and loan-related fees.
Unlike its peer, United Overseas Bank (SGX:U11
) (UOB), DBS's management broadly kept its guidance for FY2025 with some tweaks due to the uncertainties ahead.
