Market View: DBS’ profit slips 2% - What drove the dip and can we expect a rebound?

Your Way Home with Hongbin Jeong · May 8, 2025 · 14m

DBS has just released its first-quarter earnings, reporting a 2% dip in net profit to S$2.9 billion, primarily due to the global minimum tax. UOB also reported its latest results, showing strong performance in its core businesses, with profit growth driven by robust loan demand and a healthy asset quality. Meanwhile, Disney posted impressive earnings, beating expectations with a 7% increase in revenue, driven by resilient demand at U.S. theme parks and a surprisingly strong performance in its streaming business. In the U.S., the Federal Reserve kept interest rates unchanged, with Chair Jerome…