# DBS third-quarter net profit falls 5% on year, misses forecasts

- URL: https://talkfuse.com/story/dbs-third-quarter-net-profit-falls-5-on-year-misses-forecasts/
- Published: 2026-11-05T00:18:00+00:00
- Updated: 2026-11-05T01:50:54+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/singapore/dbs-2026-q3-profit-peter-seah-anthony-lim-6525661
- Topics: World

## Key points

- DBS profit fell 5 per cent to S$2.81 billion.
- Trading income dropped 65 per cent amid market volatility.
- Anthony Lim will become chairman in January 2027.

## Summary

DBS reported a 5 per cent year-on-year fall in third-quarter net profit, missing analysts’ forecasts as sharply lower trading income and uncertain markets weighed on earnings. The results show how rising bond yields, falling technology shares and geopolitical risks are pressuring Singapore banks after a strong first half, despite continued growth in wealth management.

Net profit for July to September was S$2.81 billion, below the S$2.90 billion average forecast. Trading income fell 65 per cent to S$152 million, while net interest margin narrowed to 1.87 per cent; wealth management fees rose 9 per cent to S$864 million and net fee income increased 6 per cent to S$1.43 billion. DBS expects total income to grow by a mid-single-digit rate in 2027 and named Anthony Lim to succeed Peter Seah as chairman on 1 January 2027, after Seah’s 16 years in the role.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.