DBS Beats Q1 Estimates and Lifts 2026 Earnings Outlook
DBS posted a S$2.93 billion first-quarter profit, beating analyst estimates. Record wealth fees helped the bank improve its 2026 outlook amid Middle East risks.
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DBS GROUP HOLDINGS LTD posted a 1% rise in Q1 net profit to S$2.93B, beating analyst estimates of S$2.83B. The result prompted the lender to upgrade its 2026 outlook toward 2025 levels despite ongoing conflict in Iran. Record wealth management fees of S$907M are shielding Southeast Asia's largest bank from Middle East market volatility.
Shares of the Singapore lender climbed 4.3% on Thursday morning, reaching their highest level since February. The stock outperformed the benchmark index, which rose 0.75% during the same period.
