{
  "id": 197324,
  "title": "DBS posts record Q2 profit, raises 2026 guidance",
  "url": "https://urgent.news/2026/08/06/dbs-posts-record-q2-profit-raises-2026-guidance",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-06T00:10:26.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/dbs-posts-record-q2-profit-raises-2026-guidance-6302301"
  },
  "original_language": "en",
  "account": "Singapore's DBS Group, the country's largest bank, reported a record second-quarter net profit of S$3.08 billion (US$2.40 billion), marking a 9% increase from the previous year. The bank raised its full-year guidance, projecting total income to exceed 2025 levels, driven by strong performance in wealth management, treasury sales, and trading income. DBS shares surged 3% to a record high of S$75.80 following the announcement. CEO Tan Su Shan credited the bank's diverse franchise for the strong quarter, noting solid fees across all areas. The bank's wealth management business led the charge, with fees growing 42% year-on-year to S$919 million, as customer investment activity surged and assets under management topped S$500 billion for the first time. Net interest margin dipped slightly to 1.87%, but was offset by robust loan and deposit growth. DBS expects interest rates to remain stable, deposit growth to stay in the high-single-digit range, and its cost-income ratio to remain low in the second half of the year.",
  "summary": "The Singapore bank declared S$0.81 in dividends per share for the second quarter of 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}