- DBS Group’s net income for the second quarter is S$2.80 billion, surpassing estimates of S$2.68 billion.
- Total income reported at S$5.48 billion, exceeding the S$5.36 billion estimate.
- Net interest income from the commercial book is S$3.77 billion.
- Net fee and commission income from the commercial book stands at S$1.05 billion.
- Allowances for credit and other losses amount to S$148 million.
- Net interest margin is recorded at 2.14%.
- The non-performing loans ratio is 1.1%.
- Common equity Tier 1 ratio is at 14.8%.
- Cost to income ratio is at 39.6%, higher than the estimated 31.9%.
- Analyst recommendations: 9 buys, 8 holds, and 1 sell.
A look at DBS Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
DBS Group Holdings Limited, a leading provider of financial services, maintains a promising long-term outlook based on the Smartkarma Smart Scores. The company’s strong performance in Dividend and Growth scores, both rated at 4, indicates a solid foundation for consistent payouts to investors and potential for expansion and profitability. Combined with a top-notch Momentum score of 5, DBS showcases impressive market traction and upward movement in its sector, suggesting a positive future trajectory.
Despite slightly lower scores in Value and Resilience, rated at 2 each, DBS‘s overall outlook remains optimistic. The company’s diverse range of financial services, including mortgage financing, funds management, and corporate advisory, positions it well for sustained growth and stability in the long run. As the primary dealer in Singapore government securities, DBS Group Holdings Limited demonstrates resilience and adaptability, which bodes well for its continued success in the financial market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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