DBS posts record $3.03 billion quarterly profit, announces $3 billion share buyback

Quick Summary:

DBS shares jumped 1.55 cents, or 4 per cent, to $40.70 as at 9.30am.

DBS, which is also South-east Asia’s biggest bank, announced a quarterly dividend of 54 cents per share, up from 48 cents declared the same quarter a year ago.

Local banks have benefited from higher global interest rates and strong inflows of wealth drawn in by Singapore’s political stability in recent years.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: 2025 Quarterly Posts First Global Results 2024 Cent Record Profit Quarter

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 07:37:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 686 words

Reading Time: 4 minutes read

Sentences: 40 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23455194

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

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Publisher ID: #25

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