DBS profit jumps 32% to record on rates, flags upbeat outlook
Source: Reuters
Q3 net profit S$2.24 bln vs S$1.97 bln market estimateReturn on equity surges to record 16.3%CEO says asset quality remains resilientBanks are benefiting from rising ratesSINGAPORE, Nov 3 (Reuters) - DBS Group (DBSM.SI) reported a forecast-beating 32% jump in quarterly profit to a record high and gave a bullish outlook on Thursday as higher interest rates boosted net interest margins at Southeast Asia's largest…