Net interest margin

UOB announces 2QFY2024 net profit of $1.42 bil, up 1% y-o-y, down 4% q-o-q, and 1HFY2024 net profit of $2.92 bil - THE EDGE SINGAPORE

Results

UOB announces 2QFY2024 net profit of $1.42 bil, up 1% y-o-y, down 4% q-o-q, and 1HFY2024 net profit of $2.92 bil

UOB announced 2QFY2024 core net profit of $1.489 billion, down 5% q-o-q and up 1% y-o-y.

Broker's Calls

Outlook ‘stable’ but ‘unexciting’ for UOB

SINGAPORE (July 29): OCBC and RHB are maintaining their “hold” and “neutral” calls on United Overseas Bank (UOB) with a target prices of $19.61 and $18.85 respectively.
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