DBS Group stock trades at EUR 53.96 as profit rises

Published on 09/29/2026 at 12:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DBS Group stock is backed by SGD 3.08 billion in second-quarter profit, up 9 percent year on year. Fee income reached SGD 1.46 billion as margin pressure persisted.

DBS Group, SG1L01001701, Illustration mit AI erstellt.

DBS Group stock (ISIN SG1L01001701) was trading at EUR 53.96 at Lang & Schwarz on September 29, 2026 at 12:37 p.m. CEST, up 0.20 percent versus the prior close of EUR 53.85. The bank's second-quarter 2026 profit growth gives the valuation a concrete earnings anchor.

Profit offsets margin pressure

In its September 2, 2026 market review, Securities Investors Association Singapore reported that DBS generated record second-quarter net profit of SGD 3.08 billion for the period ended June 30, 2026, up 9 percent year on year. The same report put first-half 2026 net profit at a record SGD 6.01 billion, up 5 percent.

The earnings mix matters because lower rates reduced the contribution from traditional lending. Securities Investors Association Singapore said quarterly total income rose 6 percent year on year to a record SGD 6.09 billion, while return on equity reached 17.5 percent for the first half.

Fees carry the earnings mix

Securities Investors Association Singapore reported that net interest income fell 2 percent year on year and net interest margin declined 18 basis points to 1.87 percent in the second quarter. Net fee income moved in the opposite direction, jumping 25 percent to SGD 1.46 billion, while wealth-management fees surged 42 percent to SGD 919 million.

This shift gives DBS a measurable counterweight to rate pressure. Wealth assets under management exceeded SGD 500 billion for the first time, loans grew 8 percent year on year, and the non-performing loan ratio held at 1.0 percent in the same second-quarter period, according to Securities Investors Association Singapore.

Valuation meets shareholder returns

The Smart Investor wrote on September 25, 2026 that DBS paid SGD 0.81 per share for the quarter, comprising a SGD 0.66 ordinary dividend and a SGD 0.15 capital return dividend. The publication also cited a 17.9 percent second-quarter return on equity and a fully phased-in common equity Tier 1 ratio of 14.6 percent.

The counterweight is valuation. The Smart Investor assessed DBS at 3.1 times book value on September 25, 2026, placing greater importance on sustained fee growth and credit quality as the bank navigates lower interest income.

EUR 53.96 at Lang & Schwarz

DBS Group stock was trading at EUR 53.96 at Lang & Schwarz on September 29, 2026 at 12:37 p.m. CEST, up 0.20 percent versus the prior close of EUR 53.85. The finance quote put the company's market capitalization at SGD 222.4 billion on September 29, 2026.