🔴 United Overseas Bank is trading 4.13% down after third-quarter profit missed expectations

United Overseas Bank is trading 4.13% down at S$38.79 after third-quarter net profit of S$1.25 billion missed analyst expectations of S$1.35 billion.

• The November 4 results showed profit increased strongly from the year-earlier quarter.
• Net interest margin narrowed to 1.68%.
• Other non-interest income fell 29% year on year.