DBS CEO Gupta Sees Another Record Year After Earnings Beat [Yahoo! Finance Canada]
UNITED OVRSEAS BK S/ADR (UOVEY)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg With income from these key areas predicted to continue to be robust, total income growth may be one to two percentage points above the previous guidance of mid-single digit, Gupta said Thursday in an earnings statement. DBS shares rose as much as 3.2%, taking this year's gains to about 18%. ADVERTISEMENT The first quarter is traditionally the bank's strong period and performance may ease later, Morgan Stanley's analysts led by Nick Lord said in a note published after results. DBS is the first among major Singapore banks to report results and lifted its 2024 projections despite a backdrop of the city-state's slower-than-forecast economic growth in the first three months. Its outlook signals how tailwinds that buoyed global lenders' income in recent years could be sustained as expectations turn to a higher-for-longer global rates environment. Net income, excluding one-time items, expanded 15% to S$2.96 billion ($2.2 billion) in the three months ended
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