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The latest announcement is out from Shinhan Financial Group Co ( (SHG) ).
On February 6, 2025, Shinhan Financial Group reported its preliminary operating results for the fiscal year 2024, showcasing notable financial growth despite some challenges. The group’s revenue for the fourth quarter of 2024 saw a significant year-over-year increase of 104.59%, while cumulative revenue rose by 21.50%. However, the group’s net income for the specified quarter declined by 12.98% compared to the previous year. These results highlight Shinhan Financial Group’s robust revenue growth, although pressure on net income margins remains a concern for stakeholders.
More about Shinhan Financial Group Co
Shinhan Financial Group Co., Ltd. is a prominent player in the financial services industry, primarily engaged in banking, insurance, and credit card services. The company focuses on providing a wide range of financial solutions to individual and corporate clients, with a significant presence in the Korean market.
YTD Price Performance: 7.55%
Average Trading Volume: 177,725
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $18.22B
See more insights into SHG stock on TipRanks’ Stock Analysis page.
