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

Shinhan Financial Group (NYSE:SHG - Get Free Report) issued its earnings results on Tuesday. The bank reported $1.94 EPS for the quarter, Zacks reports. Shinhan Financial Group had a return on equity of 7.34% and a net margin of 12.21%. The firm had revenue of $2.82 billion for the quarter.

Shinhan Financial Group Stock Performance

Shares of SHG traded down $0.51 during mid-day trading on Friday, reaching $31.68. The company had a trading volume of 509,443 shares, compared to its average volume of 280,758. Shinhan Financial Group has a 52-week low of $29.25 and a 52-week high of $46.05. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $15.95 billion, a P/E ratio of 4.97, a PEG ratio of 0.44 and a beta of 0.89. The stock has a 50 day moving average of $33.91 and a two-hundred day moving average of $37.94.

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.