The Goldman Sachs Group Upgrades United Overseas Bank (OTC:UOVEY) to “Strong-Buy”

United Overseas Bank (OTC:UOVEY) was upgraded by The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

United Overseas Bank Stock Performance

OTC:UOVEY traded down $0.76 during trading hours on Friday, reaching $52.93. The company had a trading volume of 27,117 shares, compared to its average volume of 67,033. United Overseas Bank has a twelve month low of $39.30 and a twelve month high of $55.70.

About United Overseas Bank

United Overseas Bank Limited, together with its subsidiaries, provides banking products and services. The company’s Group Retail segment provides deposits, insurance, card, wealth management, investment, and loan and trade financing products for personal and small enterprise customers. Its Group Wholesale Banking segment offers financing, trade, cash management, and capital markets solutions, as well as advisory and treasury products for medium and large enterprises, local corporations, multi-national corporations, financial institutions, government-linked entities, financial sponsors, and property funds.