UOB Profits Miss Estimates as Lower Trading Income Dampens Gains
Posted by MarketsWire
UOB’s profit miss shows that stronger lending and fee income may not be enough to offset weaker trading and investment income. Retail investors may want to look beyond loan growth and fees when assessing how reliable a bank’s earnings are from one quarter to the next. How are other investors viewing UOB’s earnings mix and its effect on the stock?