My Singapore Bank Stocks Are Hitting New Highs
@koolgal:
🌟🌟🌟Hurray! Santa Rally is here in December and my Singapore Bank Stocks are hitting new highs ever since they posted strong earnings growth in the 3rd quarter. My best performing Singapore Bank stock is DBS $DBS Group Holdings(D05.SI)$ DBS reported Net Income of SGD 3.03 billion for Q3 24, up 17% year over year from SGD 2.59 billion. This is the first time DBS' quarterly earnings is above the SGD 3 billion mark. DBS' profit was supported by record fee income led by wealth management, higher treasury customer sales and strong market trading income. DBS' Net fee and commission income for the quarter was SGD 1.11 billion, up from SGD 843 million in the same period in 2023.