Capital ReturnThe capital return initiative includes a 24 cents annual increment, 15 cents capital return dividend per quarter, and a S$3bn share buyback.
Earnings MomentumFee income was the primary contributor to earnings momentum, rising 22% YoY to S$1.3bn, driven by wealth management growth.
Trading IncomeVolatility in market conditions has benefited trading income, with markets trading income surging by 40% YoY due to interest rate, equity derivatives, and foreign exchange activities.