Finance
UOB Shares Jump After CEO Says Will Consider Share Buyback
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United Overseas Bank Ltd. will consider a share buyback, among other options, Chief Executive Officer Wee Ee Cheong says at an earnings briefing on Friday.
Shares of the Singapore lender jumped as much as 5.6% after his comments, the most since June 2020. It is now trading at a record high, similar to rival DBS Group Holdings Ltd. whose stock surged this week after it unveiled a new share buyback program and signaled more of such moves may come.