Reported 18 days ago
DBS Group Holdings Ltd., Singapore's largest bank, announced a surprise S$3 billion share buyback plan alongside better-than-expected profits, propelling its shares to a record high. The bank has expressed it still possesses significant excess capital to return to shareholders and is committed to ongoing capital returns and strategic acquisitions. Despite a positive quarter, expectations for 2025 are tempered due to a global minimum tax and potential declines in net interest margins.
Source: YAHOO