DBS share value rebounds after 2Q24 earnings
DBS share value rose 2.45% to shut at S$33.65 on seventh August, after the corporate reported its outcomes and dividends for the second quarter of 2024 (2Q24). The shares had fallen from an all-time excessive of S$38.55 to achieve S$32.75 on sixth August, with the sell-off in international shares on US recession issues. Allow us to discover out what’s driving the improved sentiment in direction of DBS’ shares.
Abstract of DBS 2Q24 earnings
DBS reported its outcomes and dividends for the second quarter of 2024 (2Q24). DBS reported a 6.1% year-on-year improve in internet revenue to S$2.8 billion in 2Q24 DBS 1H24 internet revenue of S$5.74bn was 10.4% larger than in 1H23. This represents about 54.5% of the complete 12 months consensus estimate of S$10.53bn. Dividend per share was elevated to 54 cents in 2Q24 from 44 cents in 2Q23, however stays unchanged in comparison with the earlier quarter. …
