{
  "id": 18058163,
  "title": "UOB shares hit four-month low as Q3 profit misses analyst estimates",
  "url": "https://urgent.news/2026/11/04/uob-shares-hit-four-month-low-as-q3-profit-misses-analyst-estimates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T02:36:50.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/uob-shares-hit-fourmonth-low-as-q3-profit-misses-analyst-estimates-4997156"
  },
  "original_language": "en",
  "account": "United Overseas Bank's (UOB) shares plummeted to their lowest level in four months after the company reported third-quarter net profit that fell short of analyst projections. The Singapore lender's net profit for the three months ended September 30 was S$1.25 billion, up 182% from the previous year but 9% below the Bloomberg consensus estimate. This missed the mark despite a significant increase in net interest income, which grew by 1% year-on-year to S$2.28 billion. However, net interest margins narrowed to 1.68% due to rising deposit costs, while non-interest income declined by 29% to S$370 million. The bank's fee income, which increased by 19% to a record S$733 million, was offset by a 33% drop in trading and investment income. UOB's CFO, Leong Yung Chee, expects loan and fee income growth to continue through 2027, but operating costs are projected to rise by a mid- to high-single-digit percentage next year.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}