- DBS (SGX:D05) generated a record quarterly profit of more than S$3b in 3Q24, with net profits up 15% y-o-y or 8% q-o-q to S$3.03b. This was well-supported by improvements for both interest and non-interest incomes. Leading the top earnings contributor is DBS's thriving wealth management business.
Record quarterly profit.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- Aside from wealth management, credit card also posted strong y-o-y gain to S$302m, continuing the >S$300m contribution per quarter since 4Q23 from its expanded geographical operations.
Dividend of 54 cents for 3Q24
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Carmen Lee OCBC Investment Research | https://www.iocbc.com/ 2024-11-07
Previous report by OCBC:
2024-09-24 DBS Group - Strong Share Price Outperformance.
Price targets by 5 other brokers at DBS Target Prices.
Listing of research reports at DBS Analyst Reports.
Relevant links:
DBS Share Price History,
DBS Announcements,
DBS Dividends & Corporate Actions,
DBS News Articles