UOB (SGX:U11) News Today, Nov 6: Shares Fall on Unexpected Q3 Profit Drop

Today, UOB’s financial results sent ripples through the market as shares dropped sharply. Reporting a significant decrease in third-quarter profits, the bank cited increased credit provisions as the primary reason. Investors are now questioning the future margins amid growing caution over the financial landscape. With the share price holding steady at S$34.92, down from its year high of S$39.20, this decline signals potential challenges ahead for one of Singapore’s leading banks.