UOB Cuts Full-Year Net Interest Margin Guidance; Shares Tumble
United Overseas Bank lowered its full-year net interest margin guidance. Its third-quarter profit fell from the previous quarter, and shares are headed toward their steepest one-day fall since 2020.
By Amanda Lee and P.R. VenkatShares of United Overseas Bank are headed toward their steepest one-day fall since 2020 after the Singapore bank lowered its full-year guidance for net interest margins and reported third-quarter profit fell from the previous quarter.Singapore's banks stocks been pressu…