By Lee Su Shyan, Assistant Money Editor

OCBC Bank led the way on Monday and now United Overseas Bank (UOB) has trumped the tipsters by posting better-than-expected numbers, with an upbeat forecast added for good measure.

UOB yesterday reported net profit of $470 million for the second quarter - 22 per cent down on a year ago but better than analyst expectations of $441 million, according to Reuters.

OCBC Bank had earlier surprised the market with a 10 per cent rise in profit. DBS Group Holdings' results will be out tomorrow.

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