UOB, SG1M31001969

UOB stock misses Q3 profit forecasts despite record fees

Published on 11/04/2026 at 09:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UOB stock missed third-quarter profit expectations despite stronger loan activity and record wealth management fees. The result came against a low prior-year base.

UOB earnings miss expectations

Third-quarter net profit reached S$1.25 billion but fell short of the S$1.35 billion mean estimate.
Record wealth management fees and stronger loan activity supported earnings.
Higher credit provisions and the low year-earlier base shaped the comparison.

UOB, SG1M31001969, Illustration mit AI erstellt.

United Overseas Bank reported third-quarter net profit of S$1.25 billion for the period ended September 30, 2026, missing the S$1.35 billion mean estimate from two analysts, according to Reuters. The result was more than twice the year-earlier profit, when a surge in credit provisions created a low comparison base.

UOB said stronger loan-related activity and wealth management fees reaching an all-time high supported the quarter. The earnings miss nevertheless leaves investors focused on the balance between fee growth, lending momentum and funding costs.

Fees support a mixed earnings picture

The bank's record fee income provided the clearest positive signal in the quarter. Wealth management remained a key contributor, while loan-related activity also strengthened. Reuters reported that the year-earlier period was heavily affected by elevated credit provisions, limiting the usefulness of the sharp year-on-year profit increase as a measure of underlying progress.

UOB stock traded at 26.84 euros on Lang & Schwarz at 09:15 CET on Wednesday, November 4, 2026. The licensed quote showed a bid of 26.65 euros and an ask of 27.03 euros. Investors can follow the real-time quote of UOB stock.