While net income rose 20% to $1.37 billion in the three months ended June, that missed analysts’ expectations for $1.44 billion. Shares in Southeast Asia’s largest lender slid as much as 3%, the biggest intraday decline since July 6.
(Aug 2): DBS Group Holdings Ltd. shares fell after second-quarter results suffered from what Chief Executive Officer Piyush Gupta described as the worst performance in its treasury and markets operation since he took the top job almost a decade ago.
