{
  "id": 18218275,
  "title": "DBS third-quarter net profit falls 5% on year, misses forecasts",
  "url": "https://urgent.news/2026/11/05/dbs-third-quarter-net-profit-falls-5-on-year-misses-forecasts-18218275",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T00:18:00.000Z",
  "source": {
    "name": "CNA - Singapore",
    "slug": "cna-singapore",
    "url": "https://www.channelnewsasia.com/singapore/dbs-2026-q3-profit-peter-seah-anthony-lim-6525661"
  },
  "original_language": "en",
  "account": "Singapore's largest bank, DBS Group, reported a 5 percent decline in third-quarter net profit on November 5, falling short of analyst expectations. The company's net profit for the July-to-September quarter was S$2.81 billion, compared to the forecasted S$2.90 billion. DBS attributed the shortfall to weaker trading income and heightened global uncertainty. The bank's trading income fell 65 percent year-on-year to S$152 million due to unfavorable equity market conditions. Net interest margin, a key indicator of lending profitability, narrowed by 9 basis points to 1.87 percent. Despite these challenges, DBS's wealth management activities continued to contribute to earnings. The bank's wealth management fees grew by 9 percent to S$864 million, while transaction services fees reached a new high and loan-related and card fees also increased. As a result, net fee income rose by 6 percent to S$1.43 billion. Looking ahead, DBS expects total income to grow in the mid-single-digit range, assuming two more U.S. Federal Reserve rate hikes, a gradual rise in domestic interest rates, and a gradual increase in the Singapore dollar.",
  "summary": "DBS separately named independent director Anthony Lim as its next chairman, succeeding Peter Seah after 16 years.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "DBS Q3 profit falls 5% to S$2.81 billion on weaker trading income; misses forecasts",
        "url": "https://urgent.news/2026/11/04/dbs-q3-profit-falls-5-to-s-2-81-billion-on-weaker-trading-income",
        "published": "2026-11-04T22:43:14.000Z"
      },
      {
        "outlet": "Bloomberg",
        "title": "DBS Profit Misses Estimates on Trading Income, Names Lim Chair",
        "url": "https://urgent.news/2026/11/04/dbs-profit-misses-estimates-on-trading-income-names-lim-chair",
        "published": "2026-11-04T22:52:52.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}