Strong DBS Earnings Likely to Continue Near Term -- Market Talk

Dow Jones11-08

0457 GMT - DBS Group's strong earnings are likely to continue in the near term, says Maybank Research analyst Thilan Wickramasinghe in a note. The Singapore bank's earnings for the first nine months of the year beat expectations, supported by trading and fees, Wickramasinghe says. Non-interest income was better than expected, driven by 3Q market trading income on DBS's own books given FX, rate and equity derivative volatility, he adds. As volatility is likely to continue in 4Q, Wickramasinghe expects higher contributions from the segment. Net interest income could also be supported by a loan growth recovery, he adds. Maybank maintains the stock's buy rating and raises its target price to S$46.91 from S$44.06. Shares are last 1.3% higher at S$42.26.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

November 07, 2024 23:57 ET (04:57 GMT)

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The Singapore bank's earnings for the first nine months ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DBSDY","symbol_name":"DBS Group Holdings Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481869190","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481869190","pubTimestamp":1731041820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0457 GMT - DBS Group's strong earnings are likely to continue in the near term, says Maybank Research analyst Thilan Wickramasinghe in a note. 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