The bank declared an interim dividend of 47 cents per share, up from 41 cents a year ago. The payout amounts to an estimated S$2.11 billion, or roughly 50 per cent of first-half net profit of S$4.19 billion.
Shares crossed the S$30 mark for the first time, hitting an intraday high of S$30.11 on the morning of the results announcement. DBS rose 0.64 per cent to S$75.56 while UOB slipped 1.95 per cent to S$42.73.
Tan flagged uncertainty from the evolving Middle East conflict, energy-market developments and what he described as K-shaped economic growth across major economies. The sustainability of non-interest income growth, particularly if capital markets turn volatile, remains a key watchpoint for investors.
What to Watch
Will the wealth-management franchise sustain its momentum enough to keep offsetting structural margin compression if rates stay lower for longer?
Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6
