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

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

Shinhan Financial Group Trading Up 2.0 %

Shares of SHG stock traded up $0.65 during mid-day trading on Thursday, hitting $32.40. 105,402 shares of the company’s stock were exchanged, compared to its average volume of 270,998. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 0.44 and a beta of 0.94. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. Shinhan Financial Group has a fifty-two week low of $29.25 and a fifty-two week high of $46.05. The stock has a 50-day simple moving average of $33.97 and a two-hundred day simple moving average of $38.06.

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.