UOB Bank reported their net profit increases to SGD1,250,000,000 according to https://www.straitstimes.com/business/companies-markets/uobs-q3-net-profit-jumps-182-to-1-25b-as-bank-sets-aside-less-for-bad-loans. As stated in https://www.businesstimes.com.sg/companies-markets/dbs-eyes-prime-brokerage-business-q3-profit-falls-5-weaker-trading-income , though DBS Bank falls, their informed profit fall to SHD2,810,000,000 is more than UOB Bank.
UOB’s Q3 net profit jumps 182% to $1.25b but misses estimates; shares fall over 5%
UOB Q3 net profit jumps 182% to $1.25b but misses estimates as shares fall over 5% after earnings Read more at straitstimes.com.
Welcome back! Two of the three local banks reported below forecasts, and chip stocks lost about a trillion US dollars in a single session. Members spent the week separating the headline from the line underneath it. 📊



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