DBS stock pulls back from S$60 record as traders focus on Feb 9 earnings
DBS shares fell 0.7% to S$59.38 by mid-afternoon Friday, pulling back from Thursday’s S$60 high. The drop follows the U.S. Federal Reserve’s rate pause and comes ahead of DBS’s results due Feb. 9. Investors are watching for updates on margins and dividends as the stock trades near record levels. OCBC was flat, while UOB slipped 0.8%.