DBS beats estimates, reports 15% profit jump

SINGAPORE, Nov 11 () – DBS Group Holdings Ltd , Southeast Asia’s biggest lender, reported a forecast-beating 15% rise in quarterly profit, supported by higher wealth management fees. The Singaporean bank’s net profit came in at S$1.63 billion ($1.20 billion) in the three months ended September, compared with S$1.41 billion a year earlier and an average estimate of S$1.57 billion from five analysts, according to Refinitiv data. ($1 = 1.3596 Singapore dollars) (Reporting by Anshuman Daga and Nikhil Kurian Nainan; Editing by Peter Cooney)Our Standards:The Thomson Trust Principles.