DBS shares touch new high of S$75.17 on Q2 earnings beat

[SINGAPORE] Shares of DBS on Thursday (Aug 6) were up by over 2 per cent following the release of its positive second-quarter earnings.

The counter rose to S$74.90 by 9.03 am, up about 1.8 per cent, after opening at S$73.85, before reaching a new record of S$75.17 by 9.45 am.

DBS posted its Q2 earnings before market open, with the bank recording a net profit for the three months ended Jun 30 of S$3.08 billion, up 9 per cent from the S$2.82 billion in the same year-ago period.

It beat the S$2.88 billion consensus forecast in a Bloomberg survey of five analysts.

The lender also declared a total dividend of S$0.81 per share for the quarter, comprising an ordinary dividend of S$0.66 and a capital return dividend of S$0.15, up from S$0.75 per share in the year-ago period, reported The Business Times.