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DBS, Southeast Asia's largest bank, reported a higher-than-expected Q2 profit, while UOB saw a profit drop.
DBS, Southeast Asia's largest bank, reported a 1% rise in Q2 net profit to S$2.82 billion, exceeding analyst expectations, leading to record-high shares.
UOB, the third-largest, saw a 6% drop in Q2 net profit to S$1.34 billion, missing forecasts mainly due to lower net interest income.
DBS attributed its success to strong wealth management and trading income, while UOB maintained confidence in regional long-term prospects despite challenges.
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DBS, el banco más grande del sudeste asiático, reportó una ganancia superior a la esperada en el segundo trimestre, mientras que UOB registró una caída en las ganancias.