Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Shinhan Financial Group Co ( (SHG) ) has provided an update.
On April 23, 2026, Shinhan Financial Group reported preliminary consolidated results for the first quarter of 2026 showing a sharp rebound in profitability. Group revenue surged 80% quarter-on-quarter and 77% year-on-year to KRW 28.5 trillion, while net income more than tripled sequentially and rose 9% from a year earlier to KRW 1.65 trillion, with all figures prepared under Korean IFRS and still subject to audit review.
Shinhan Bank remained the main earnings driver, nearly doubling revenue and lifting net income 176% from the previous quarter and 3% year-on-year, while Shinhan Card posted higher revenue but lower year-on-year profit and Shinhan Life swung back to profit after a loss in the prior quarter despite weaker earnings than a year earlier. The strong group-level recovery, led by the banking unit and supported by stabilized performance at the insurance business, underlines Shinhan’s improved profitability heading into 2026 and will be closely watched by investors as the audit review is completed.
The most recent analyst rating on (SHG) stock is a Buy with a $54.01 price target. To see the full list of analyst forecasts on Shinhan Financial Group Co stock, see the SHG Stock Forecast page.
Spark’s Take on SHG Stock
According to Spark, TipRanks’ AI Analyst, SHG is a Neutral.
The score is primarily driven by solid but mixed financial performance—stronger revenue/profitability trends tempered by rising leverage and cash-flow volatility. Valuation is a meaningful positive (low P/E and dividend support), while technical signals are weaker in the near term due to trading below key short-term moving averages and subdued momentum.
To see Spark’s full report on SHG stock, click here.
More about Shinhan Financial Group Co
Shinhan Financial Group Co., Ltd. is a leading South Korean financial holding company with core operations in banking, credit cards and life insurance, primarily serving retail and corporate clients in Korea. Through subsidiaries such as Shinhan Bank, Shinhan Card and Shinhan Life, the group offers a broad range of lending, payment, wealth management and insurance products across the domestic financial market.
Average Trading Volume: 313,813
Technical Sentiment Signal: Buy
Current Market Cap: $31.2B
Find detailed analytics on SHG stock on TipRanks’ Stock Analysis page.