DBS Profit Drops 5 Percent on Trading Income Slump
DBS Group reported a five percent drop in quarterly net profit as a sharp decline in trading income offset gains in its wealth management division. The bank warned of ongoing global uncertainty but projected steady income growth ahead.
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DBS GROUP HOLDINGS LTD posted a July-September net profit of S$2.81 billion ($2.20 billion), falling 5% year-on-year and missing analyst forecasts.
