On April 30, the bank posted a quarterly net profit of $2.93 billion, 1% higher y-o-y and 24% up q-o-q, and within Bloomberg’s estimate of $2.91 billion. Photo: Bloomberg
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Analysts are mostly issuing call or target price upgrades on DBS Group Holdings after the bank posted a strong set of results for the 1QFY2026 ended March 31.
On April 30, the bank posted a quarterly net profit of $2.93 billion, 1% higher y-o-y and 24% up q-o-q, and within Bloomberg’s estimate of $2.91 billion. Total income stood at a new high of $5.95 billion, 1% higher y-o-y and 12% up q-o-q. Return on equity (ROE) stood at 17%.
CGSI likes DBS’s stronger wealth management fees among others, while Macquarie hails ‘resilient’ balance sheet
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