UPDATE 3-DBS posts record profit on lending gains, raises bar for Singapore banks [Reuters]
DBS GROUP HLDGS LTD S/ADR (DBSDY)
NASDAQ:AMEX Investor Relations:
tiindia.com/article/subsidyfinancials/400
Company Research
Source: Reuters
DBS posts record profit on lending gains, raises bar for Singapore banks - Reuters 4 Min Read SINGAPORE (Reuters) - Southeast Asia’s biggest lender DBS Group Holdings Ltd beat market estimates to post a record quarterly profit, as strong lending income offset weakness in wealth management, brokerage and investment banking fees. DBS, the first Singapore bank to kick off the sector’s results, posted an 8.5 percent rise in first-quarter net profit from a year earlier, and said the macro-economic environment had stabilized. “By and large, I’m relatively sanguine about the business momentum,” CEO Piyush Gupta told a news conference. DBS maintained its forecast of mid-single-digit loan growth for this year and stable net interest margins, a key gauge of profitability. The lender’s shares advanced 2.8 percent to their highest since June 2018, outperforming a 0.9 percent rise in the broader market. “Overall, core driver was in line with expectations, we expect similar trends for peers as well
Show less
Read more
Impact Snapshot
Event Time:
DBSDY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DBSDY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DBSDY alerts
High impacting DBS GROUP HLDGS LTD S/ADR news events
Weekly update
A roundup of the hottest topics