Reported 18 days ago
Singapore's DBS Group announced a record net profit of S$3.03 billion for the third quarter, marking a 15% year-on-year increase. The bank's CEO expressed optimism for future profits, anticipating that policies under a potential Trump administration could lead to higher interest rates, aiding profitability. Despite concerns over upcoming corporate tax changes and potential risks associated with U.S. governance, DBS plans a new S$3 billion share buyback program, reflecting its strong capital position.
Source: YAHOO