DBS lifts 2026 outlook after record Q2 profit of S$3.08 billion
What's new: Wealth management fees jumped 42%, helping offset lower rates as DBS raised its dividend to S$0.81 a share.
DBS lifted its 2026 guidance after posting record second-quarter earnings, with strength in wealth management and other fee businesses cushioning the hit from lower interest rates. Net profit for the quarter ended June 30 rose 9% to S$3.08 billion, above the S$2.88 billion analyst consensus, while total income climbed 6% to a record S$6.09 billion. Net interest income slipped 2% to S$3.58 billion and net interest margin narrowed to 1.87% from 2.05% a year earlier. But fee and commission income in the commercial book rose 25% to S$1.46 billion, driven by a 42% surge in wealth management fees to S$919 million. The board declared a total dividend of S$0.81 per share, up from S$0.75 a year earlier.