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Singapore's largest bank beats expectations with 31% jump in third-quarter profit
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SINGAPORE — Singapore's largest bank, DBS Group Holdings, posted third-quarter earnings that beat analysts' estimates as its chief executive flagged improving business conditions in the months ahead.
The bank on Friday reported a net profit of 1.7 billion Singapore dollars ($1.26 billion) for the July to September quarter — 31% higher than a year ago and exceeding an average forecast of 1.57 billion Singapore dollars on Refinitiv.
DBS shares were up 0.3% in early trade on
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