Shinhan Financial Group (NYSE:SHG) Announces Quarterly Earnings Results

Shinhan Financial Group (NYSE:SHG) announced its quarterly earnings results on Tuesday. The bank reported $1.94 earnings per share for the quarter, Zacks reports. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. The company had revenue of $2.82 billion for the quarter.

Shinhan Financial Group Trading Up 2.0 %

Shinhan Financial Group stock traded up $0.65 during midday trading on Thursday, reaching $32.40. The stock had a trading volume of 105,402 shares, compared to its average volume of 270,998. The stock has a market capitalization of $16.31 billion, a PE ratio of 5.09, a price-to-earnings-growth ratio of 0.44 and a beta of 0.94. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s 50-day simple moving average is $33.97 and its 200 day simple moving average is $38.06. Shinhan Financial Group has a twelve month low of $29.25 and a twelve month high of $46.05.

Shinhan Financial Group Company Profile

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.