DBS Group stock slips slightly as investors digest Fed rate hike and record 2025 profit

Published on 09/20/2026 at 15:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DBS Group stock closed at SGD 76.86 on SGX on September 18, 2026, edging 0.1% lower as markets reacted to the latest Fed rate increase. The bank reported record net profit of SGD 10.93 billion for fiscal year 2025, up from 10.06 billion in 2023.

DBS Group, SG1L01001701, Illustration mit AI erstellt.

DBS Group Holdings Ltd (ISIN SG1L01001701) stock closed at SGD 76.86 on the Singapore Exchange on September 18, 2026, down 0.1% from the prior close of SGD 76.94 as investors adjusted positions after the latest US Federal Reserve rate hike.

Fed move and Singapore bank stocks

As The Straits Times reported on September 20, 2026, DBS Bank shares slipped 0.18 percent across the week to close at SGD 76.86 on September 18, 2026, while peer UOB rose 1.26 percent and OCBC fell 0.7 percent over the same period.

According to Beansprout in its weekly Singapore market update dated September 20, 2026, the Straits Times Index pulled back as bond yields climbed following the Fed decision to raise rates, a backdrop that tends to be mixed for rate-sensitive bank stocks like DBS Group.

Latest price and market metrics

Per data from TechGraph, DBS Group (ticker D05) last traded at SGD 76.86 on SGX with a daily change of minus 0.10 percent on recent trading, compared with a prior close of SGD 76.94 and an opening price of SGD 76.70 as of the latest quote around September 20, 2026.

The same overview shows a trading volume of 4,636,732 shares on the latest trading day and an average three-month volume of 11.36 million shares, pointing to relatively active turnover in DBS Group stock compared with its typical liquidity.

Record 2025 net profit provides fundamental support

DBS Group enters this higher-rate environment with strong recent earnings. According to Reuters, DBS Group reported net income of SGD 10.93 billion for fiscal year 2025, compared with SGD 11.29 billion in 2024 and SGD 10.06 billion in 2023, all figures stated in millions of Singapore dollars.

That means net profit in 2025 was around 8.7 percent higher than the 2023 level, even though it eased slightly by about 3.4 percent from the 2024 peak, underscoring that earnings remain near record territory despite some normalisation after exceptionally strong results.

Valuation and investor perspective

The same Reuters financial snapshot indicates that DBS Group currently trades at a price-to-earnings multiple of roughly 19.62 on forecast earnings, a valuation that reflects investor expectations for resilient profitability and dividend capacity in a higher-rate but more volatile macro environment.

For investors, the combination of a modest weekly share-price decline after the Fed hike and still-elevated earnings levels suggests that DBS Group stock is adjusting rather than fundamentally repricing, with future moves likely to hinge on how loan growth, net interest margins and credit quality trend in upcoming quarters.

DBS Group stock price and market capitalization

On SGX, DBS Group stock last closed at SGD 76.86 on September 18, 2026, in Singapore trading, with the stock changing hands on its primary listing in Singapore dollars. Based on total shares outstanding of about 2,843.97 million and a share price near this level, the implied market capitalization is around SGD 218.59 billion as of that date.