0702 GMT - DBS Group's total shareholder return for 2025 remains unclear, Morningstar senior equity analyst Michael Makdad says in a note. The capital return dividend DBS announced for the current year means the bank will pay more in dividends than previously forecasted, Makdad notes. However, the timeline for when DBS's planned share buyback will be completed is still uncertain, making it difficult to determine if the total shareholder return will exceed forecasts, he says. Still, 4Q earnings were as strong as expected, and DBS has guided for net interest income to grow in 2025, even after assuming two U.S. Fed rate cuts, Makdad adds. Loan demand and fee income growth were also strong in 4Q, he adds. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
February 10, 2025 02:02 ET (07:02 GMT)
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