DBS Q2 net profit rises 9% to record S$3.08 billion as wealth management fees surge

Published Aug 5, 10:45 PM UTC

Editorial responsibility

Prepared by: WorldAttention Editorial Systems
Human review: No named human review is recorded for this page.
Automated steps: Source reporting is collected, normalized, translated or condensed automatically when needed.
Page status: Automatically published source-backed update

How automation and AI are used · Report a correction or rights issue

DBS Group Holdings reported a 9% rise in second-quarter net profit to a record S$3.08 billion, driven by a surge in wealth management fees. The earnings exceeded the S$2.88 billion consensus forecast from a Bloomberg analyst survey. The bank declared a dividend of S$0.81 per share. The strong performance highlights the bank's robust wealth management business and overall financial health.

Source

The Business TimesRegional

Original language: EN-US

Part of this Story

DBS Q2 Net Profit Hits Record S$3.08 Billion, Shares Surge

See the full Story: all sources and camp coverage