DBS shares hit all-time record after higher Q2 profit, nearing the S$50 mark

[SINGAPORE] Shares of DBS soared to a record in early trade after the group posted marginally improved Q2 earnings before market open, nearing the S$50 mark.

At 9.03 am it hit S$49.69, with around 615,300 shares changing hands. This was 1.7 per cent or S$0.84 higher than its S$48.85 closing price on Wednesday.

By 9.19 am it had eased down to S$49.34, still up by 1 per cent or S$0.49 from Wednesday’s close, with some 940,800 shares transacted.

Before market open on Wednesday, Singapore’s largest lender posted a 1 per cent rise to its net profit to S$2.82 billion for its second quarter ended Jun 30, 2025. This was compared with S$2.79 billion for the year-ago period.

This marginally surpassed a Bloomberg survey’s S$2.79 billion forecast.

The growth came as Q2’s net interest income rose on robust deposit growth and balance sheet hedging, alongside higher fee income and treasury customer sales and strengthened markets trading performance.