DBS Group Holdings (SGX:D05) Third Quarter 2024 Results

Key Financial Results

• Revenue: S$5.62b (up 13% from 3Q 2023).

• Net income: S$3.03b (up 15% from 3Q 2023).

• Profit margin: 54% (in line with 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

DBS Group Holdings Revenues Beat Expectations

Revenue exceeded analyst estimates by 4.0%.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Banks industry in Asia.

Performance of the market in Singapore.

The company's shares are up 7.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - DBS Group Holdings has 1 warning sign we think you should be aware of.

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