UOB Q3 Profit Misses Forecasts
United Overseas Bank reported a third-quarter net profit of S$1.25 billion missing analyst expectations due to lower trading income. However wealth management fees reached a record high.
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UNITED OVERSEAS BANK LTD posted a third-quarter net profit of S$1.25 billion ($975.72M), missing analyst forecasts despite record wealth management fees. The result doubled from the previous year due to a low comparison base from credit provisions. LSEG data showed the figure fell short of the S$1.35 billion mean analyst estimate in Singapore.
