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UOB
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Joelton
Supreme |
08-Nov-2024 17:51
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UOB posts 16% higher Q3 profit of S$1.61 billion
UOB&rsquo s net profit for the third quarter ended September 2024 rose 16 per cent year on year to S$1.61 billion, from S$1.38 billion the year before.
Its results released Friday (Nov 8) beat the S$1.51 billion consensus forecast among four analysts polled by Bloomberg.
UOB deputy chairman and chief executive Wee Ee Cheong attributed this quarter&rsquo s improved performance to new record highs in net fee income as well as trading and investment income.
Earnings per share (EPS) stood at S$3.79 versus S$3.23 in the year before.
Total income for the quarter grew 11 per cent to S$3.83 billion.
Core return on equity, which excluded one-off expenses related to the acquisition of Citi&rsquo s consumer banking business, was up by 0.4 percentage point year on year to 14.3 per cent.
Net interest income for the quarter grew 1 per cent to S$2.46 billion versus S$2.4 billion in Q3 FY2023.
Net interest margin (NIM) was down 4 basis points at 2.05 per cent.
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kepoh88
Veteran |
08-Nov-2024 15:05
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Delvyss
Elite |
08-Nov-2024 13:25
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Can OCBC catch up?
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Fiat500
Veteran |
08-Nov-2024 13:23
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OMG, it has reached 36.05 already... Impressive indeed. | ||||
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huattuatua
Elite |
08-Nov-2024 13:11
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in all honesty if they were to include this sbb in their sgx announcemnet i would have bot just like i did for dbs yesterday. seriously this episode has left a dam bitter taste in my mouth. |
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Delvyss
Elite |
08-Nov-2024 11:58
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Echoes earlier mentioned directors buyback. For latest buyback news in Bloomberg, will it be company buyback ? Or ?
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Delvyss
Elite |
08-Nov-2024 11:50
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Agree on this. Shareholders need to know more about the buyback details. And if engage a pro mgt team, UOB could have been way better.
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FATABA
Supreme |
08-Nov-2024 11:45
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Should not this be giving out to SGX or at least announce during result ? No amount on this buy back was specify ? $1B or up to his words ? Tha is the mgt of UOB as compare to DBS ....family own against a world class global bank like DBS . I think UOB seriously need a global mgt team for future growth . A share buy back NEED to be known to all shareholders NOT bloomBerg. LOL
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Echoes
Senior |
08-Nov-2024 11:15
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UOB directors has been quietly buying back their shares all these while . For the past 1 year at least . Not much , 28 lots daily . |
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huattuatua
Elite |
08-Nov-2024 11:07
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actually this kind of material info should divulge in sgx and not bloomberg.
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Delvyss
Elite |
08-Nov-2024 11:02
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Share buyback a powerful tool
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gslgsl
Senior |
08-Nov-2024 10:34
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UOB shares jump after CEO says will consider share buyback. In Bloomberg news. |
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Delvyss
Elite |
08-Nov-2024 10:06
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I agree with your view. DBS $43 just around the corner. UOB $38 may likely be a reality.
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Fiat500
Veteran |
08-Nov-2024 10:04
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Only get buy commercial property, residential is difficult due to absd. Commercial property prices are quite stagnant
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hokpin
Supreme |
08-Nov-2024 10:00
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Buy Singapore Property, Buy Singaore Bank Stock!
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kepoh88
Veteran |
08-Nov-2024 09:57
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With Trumpet, uncertainty ahead, safe haven will be Singapore banks , more money will pour to Singapore property and banks.
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huattuatua
Elite |
08-Nov-2024 09:27
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omg, uob suddenly spike up to 35 bucks impressive sial. |
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Delvyss
Elite |
08-Nov-2024 08:39
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Agree with MrBear12
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MrBear12
Supreme |
08-Nov-2024 07:58
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Uob core net profit growth is pretty Impressive
https://www.businesstimes.com.sg/companies-markets/uob-posts-16-higher-q3-profit-s1-61-billion
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MrBear12
Supreme |
08-Nov-2024 07:11
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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3q exceptionally well 3.79 eps.
9m 3.55 eps. Plus 5 percent over previous period. ROE 14.3. Still below dbs 18.8. About on par with ocbc. I think UOB did very well this quarter. But overall, dbs is still best. |
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