DBS’ 4Q2022 Results Beat Expectations | 13 February 2023 | Daily Morning Note

Let the Money Talk · Feb 13, 2023 · 8m

DBS’ 4Q2022 results beat expectations with net profit of S$2.34bn vs our estimate of S$2.02bn. Bulk of the beat was from stronger than expected net interest income of S$3.28bn (+53% YoY) and net interest margin growth to 2.05% (+62bps YoY).

—

The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

This programme is brought to you by PYTCH Media, a creative studio powered by PhillipCapital — investing made simple and educational.

Subscribe and follow PYTCH Media:

LinkedIn: https://tinyurl.com/YTLinkedIn

Podcast…