Today news
About the same in other media
Singapore's largest bank beats expectations with 31% jump in third-quarter profit
Reading now: 898
cnbc.comIn this article
SINGAPORE — Singapore's largest bank, DBS Group Holdings, posted third-quarter earnings that beat analysts' estimates as its chief executive flagged improving business conditions in the months ahead.
The bank on Friday reported a net profit of 1.7 billion Singapore dollars ($1.26 billion) for the July to September quarter — 31% higher than a year ago and exceeding an average forecast of 1.57 billion Singapore dollars on Refinitiv.
DBS shares were up 0.3% in early trade on Friday. The stock has climbed 28.6% this year as of Thursday's close, beating the benchmark Straits Times Index's gains of 13.2% in the same period.
«A progressive normalisation of interest rates in the coming quarters will be beneficial to earnings,»
Read more on cnbc.comAbout this in other media
Singapore's OCBC plans crypto bourse economictimes.indiatimes.com /2 years ago
Singapore-based OCBC looking to set up crypto exchange, to address customer needs ambcrypto.com /2 years ago
DoraHacks Secures USD 8 Million by Binance Labs to Build a More Open-Source Blockchain World cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
