Why did DBS hit a record high on Jan 6?

Investors responded to resilient 3Q25 results, stronger wealth-related fees, and guidance pointing to a higher 2026 dividend. Together, these improved visibility on earnings and payouts, lifting confidence. Sector strength also helped, with peers printing highs the same day, which supported sentiment for DBS.

Is the dbs share price expensive after the new high?

DBS trades near 2.35x book and 14.35x trailing earnings, with ROE around 16.6% and a trailing yield of about 5.02%. Valuation is not cheap versus history, but quality metrics are solid. Further upside likely needs sustained fee growth, stable credit costs, and disciplined expenses.

What could lift DBS dividend 2026 further?

Stronger earnings, steady credit costs, and robust wealth fee income would improve payout capacity. A firm CET1 ratio and limited risk-weighted asset inflation help too. If these hold and management maintains confidence, the board could support higher ordinary dividends, with any extras tied to capital headroom.

How does DBS compare to OCBC after record highs?

Both reached records on Jan 6, supported by healthier fees and strong capital. Choice may come down to fee momentum, regional exposures, cost control, and dividend policies. Investors should compare yields, payout growth visibility, and risk profiles to decide which bank better fits their income and risk goals.

Global Market Insights

D05.SI Stock Today: January 6 – DBS Sets Record High on Fee Growth, Payouts

ByDanny Kontos January 6, 2026January 6, 2026

The dbs share price set a fresh peak on Jan 6, touching S$56.82 and trading at S$56.65, up 0.44% intraday. Investors liked resilient 3Q25 performance, stronger wealth fees, and guidance pointing to a higher 2026 dividend. With D05.SI now near 2.35x book and yielding about 5.02% on trailing payouts, income seekers see appeal. Rate sensitivity and NIM compression still matter, so execution on fee growth remains key. Below, we cover drivers, valuation, payouts, and near-term signals for Singapore investors.