DBS Group shares jump after Q1 profit rises on strong wealth management

11 articles · Updated · MarketWatch · Apr 30

DBS reported a 1.1% year-on-year net profit increase to S$2.93 billion, beating analyst estimates, and declared a total dividend of S$0.81 per share.
Shares surged up to 4.3%, their biggest gain in over a year, as wealth management drove fee income and treasury sales to record highs despite a 6.6% drop in net interest income.
CEO Tan Su Shan noted ongoing geopolitical uncertainties, but stress tests show a resilient credit portfolio. Rising Middle East tensions are fueling deposit and wealth inflows into Singapore banks, supporting liquidity and fee-based income.

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