Shinhan Financial Group (NYSE:SHG) Releases Earnings Results

Shinhan Financial Group (NYSE:SHG) posted 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 business had revenue of $2.82 billion during the quarter.

Shinhan Financial Group Trading Up 2.1 %

SHG traded up $0.66 during mid-day trading on Thursday, hitting $32.41. 59,938 shares of the stock were exchanged, compared to its average volume of 269,783. The company has a market cap of $16.32 billion, a PE ratio of 5.08, a PEG ratio of 0.44 and a beta of 0.94. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.53. The firm’s fifty day moving average is $33.97 and its two-hundred day moving average is $38.06. Shinhan Financial Group has a 1-year low of $29.25 and a 1-year high of $46.05.

About Shinhan Financial Group

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.