DBS’s recent earnings report for the first nine months of 2024 has surpassed expectations, showcasing buoyant trading and impressive fee income.
Today, we turn our attention to DBS Bank (SGX: D05), a leader in Southeast Asia's banking sector. Recent financial highlights reveal a strong base for growth and capital returns, making a compelling case for continued investment. Let's dive deeper into what makes DBS an attractive option, examining its financial highlights, value proposition, potential risks, and competitor landscape.
🏢 Market cap: $118.6B
🔥 Dividend yield: 5.18%
📒 Price to book: 1.77
💰 Price to earnings: 11.2
💸 Return on Equity: 13.98%
📢 EPS 5Y Growth: 11.9%
🔎 DPU 5Y Growth: 9.11%
Financial Highlights
DBS’s recent earnings report for the first nine months of 2024 has surpassed expectations, showcasing buoyant trading and impressive fee income. This performance is not just a flash in the pan; the trends suggest a sustained upward trajectory. For instance, the bank's net interest...