DBS soars 4.3% to two-month high on higher Q1 earnings that beat estimates

[SINGAPORE] Shares of DBS rose to its highest price in more than two months on Thursday (Apr 30) after Singapore’s largest lender posted higher earnings for its first quarter ended Mar 31.

As at 9.05 am, the counter rose to S$59, up by 4.3 per cent or S$2.44 from Wednesday’s closing price of S$56.56, with over 1.7 million shares changing hands.

This marked its highest price in more than 11 weeks as it last traded higher at S$59.52 on Feb 6, 2026. As a result, it boosted the Straits Times Index by nearly 1 per cent.

By 10.04 am, it had eased to S$58.50, still up by 3.4 per cent or S$1.94, with more than 4.3 million shares traded.

DBS on Thursday posted a Q1 net profit of S$2.93 billion, up 1 per cent from S$2.9 billion in the year-ago period on strong wealth management performance.

The improved earnings surpassed the S$2.88 billion consensus forecast in a Bloomberg survey of six analysts.