UOB and UBS Shares Reach Record Highs Amid Banking Sector Rally

UOB, Singapore’s third‑largest bank, saw its share price jump nearly 10% in one week, including a 4.7% rise in a single session, pushing the stock to an all‑time high of S$44. Analysts attribute the rally to a Citi note that raised target prices for Singapore banks on expectations of stabilising interest rates and stronger loan growth, while noting UOB’s wealth and loan‑growth still lag its peers.

Swiss‑based UBS Group also hit a new 52‑week high, trading as high as $52.28 after reporting earnings that beat expectations, with EPS of $0.94 versus the $0.85 consensus and revenue of $13.64 billion. The bank received mixed analyst ratings, maintaining a consensus “hold” with a price target of $60.30.

Both banks’ stock surges reflect broader optimism in the global banking sector, driven by expectations of margin recovery and earnings growth.