DBS Group stock reports record 2Q profit as fees rise

Published on 10/03/2026 at 22:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DBS Group stock stood at SGD 77.21 on October 2, 2026, 2.33 percent below its 52-week high. First-half 2026 net profit rose 5 percent as fees offset lower rates.

DBS Group, SG1L01001701, Illustration mit AI erstellt.

DBS Group (ISIN SG1L01001701) stock was last at SGD 77.21 on SGX on October 2, 2026 at 5:08 p.m. SGT, down 0.19 percent from the prior close. The latest earnings picture is stronger: FSM Global reported on September 16, 2026 that DBS delivered record 2Q2026 net profit of SGD 3.1 billion, up 9 percent year over year.

Fee income offsets lower rates

DBS's 2Q2026 net interest income fell 2 percent year over year to SGD 3.6 billion, while net interest margin declined 18 basis points to 1.87 percent, according to FSM Global. Net fee income rose 25 percent to SGD 1.5 billion, led by wealth-management fees that increased 42 percent to SGD 919.0 million.

The mix matters for investors because fee income is cushioning the bank's exposure to lower interest rates. First-half 2026 net profit reached SGD 6.0 billion, up 5 percent year over year, while first-half total income increased 3 percent to SGD 12.0 billion.

Jefferies sees further upside

Investing.com lists Jefferies as initiating coverage with a Buy rating and a SGD 91.00 price target on September 22, 2026. That target stands 17.86 percent above the SGD 77.21 reference price.

The same earnings analysis places the counter-factor in the bank's margin outlook: DBS's 2Q2026 net interest income declined despite loan growth, leaving wealth management, treasury activity and other fee-generating businesses to carry more of the growth burden. DBS investor relations identifies D05 as the SGX symbol and lists second-quarter and half-year 2026 materials.

Stock remains near yearly high

DBS Group stock was last at SGD 77.21 on SGX on October 2, 2026 at 5:08 p.m. SGT. The session range was SGD 77.19 to SGD 77.84, volume was 4,524,700 shares, and the 52-week range was SGD 51.80 to SGD 79.05, placing the stock 2.33 percent below its yearly high.

The market capitalization was SGD 219.1 billion as of October 2, 2026. Investing.com lists November 5, 2026 as the next earnings date, making the bank's margin trend and fee growth the next quantified checkpoints.