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UOB shares fall from 1-year high. What you need to know about its latest earnings
By Beansprout  •  May 8, 2024
UOB shares fall from 1-year high. What you need to know about its latest earnings. I shared earlier in my weekly update that I will be looking out closely for UOB’s results this week. After all, DBS had reported a record first quarter earnings just last week, pushing its share price to an all-time high. UOB’s share price also recently reached a 52-week high of $31.35, but has declined thereafter as it traded ex-dividend.  Investors also appear slightly disappointed with its first quarter results, as UOB’s share price fell by 2.2% to close at $29.88 on 8 May. Let us dive deeper to find out more about UOB’s first quarter earnings. 

What you need to know about UOB results

UOB reported a net profit of S$1.49 billion in the first quarter of 2024, a 1.6% decline year-on-year.  Total income was flat compared with previous year, with lower net interest income offset by higher...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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