UOB stock price wobbles after JPMorgan downgrade as MAS review and earnings near
UOB shares slipped 0.3% to S$38.40 by mid-afternoon in Singapore, lagging DBS and OCBC as the Straits Times Index rose 1%. JPMorgan downgraded UOB to “underweight” last week, while Macquarie upgraded it to “outperform.” Analysts expect Q4 net profit to fall 16.7% year-on-year to S$1.28 billion, citing weaker fees and a tough comparison base. UOB will report full-year results on Feb. 24.