Singapore Banks Power to Fresh Records on Wealth Boom as Asia Rallies Into Monday

$7.78 billion — The combined second-quarter net profit of DBS, OCBC, and UOB after all three Singapore banking giants posted earnings beats last week, powered by surging wealth-management income and resilient fee growth.

Money Moves

• DBS hit a record $76.33 — closing 3.07% higher after net profit rose 9% to $3.08 billion on record wealth-management revenue; declared an interim dividend of 81 cents per share including a 15-cent capital return -...