DBS Group beats Q1 profit estimates but warns of uncertain outlook

12 articles · Updated · MarketWatch · Apr 30

Singapore's biggest bank posted net profit of S$2.93 billion, above the S$2.78 billion consensus, as CEO Tan Su Shan cited instability from the Middle East conflict.
Total income rose 0.7% to S$5.95 billion, with wealth management lifting fee income and treasury sales to record highs despite a 6.6% fall in commercial-book net interest income.
DBS said its Middle East exposure is limited and stress tests show a sound credit portfolio, while executives signalled 2026 income could match 2025 levels as Singapore braces for energy-shock risks.

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