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$UOB (U11.SG)$ dropping?! i thought they are making money, p...
$UOB (U11.SG)$ dropping?! i thought they are making money, paying healthy dividend and fed interest is maintained the same?!
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unfilteredtruths : Price already too high
102584926 : total income fell 2%
Meikayuri OP : United Overseas Bank (UOB) saw a slight 1% rise in net profit for Q2 2024, achieving S$1.43 billion, up from S$1.42 billion the previous year. Without the one-off expenses from acquiring Citigroup’s consumer banking units, the profit would have reached S$1.49 billion, surpassing the S$1.47 billion forecast by analysts.
Meikayuri OP : Net INTEREST income fell 1.5% to S$2.40 billion. However, income from fees rose 18% to S$618 million for the quarter, near an all-time high.
unfilteredtruths : Doesn't matter. Price already too high.
陈小姐的养老金 unfilteredtruths : You want high dividend yield, should go and buy reits.
unfilteredtruths 陈小姐的养老金 : People also invest in bank stocks for their high dividends. Maybe you forgot.