Apr 29, 2022 07:59 PM

WORLD

Shares of Singapore’s Two Biggest Lenders Climb Amid Earnings Beat

A cluster of commercial buildings in Singapore's Marina Bay area on May 19. Photo: Bloomberg

A cluster of commercial buildings in Singapore's Marina Bay area on May 19. Photo: Bloomberg

(Bloomberg) — DBS Group Holdings Ltd. and Oversea-Chinese Banking Corp. shares rose as the lenders reported better-than-expected earnings, with United Overseas Bank Ltd. falling as it missed forecasts.

DBS’ shares rose as much as 4.3% and OCBC was up as much as 3.7% at the market open, outpacing the gain in the benchmark Straits Times Index. UOB’s shares fell as much as 3.1%.

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