Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
South KoreaIPO:
13 November 2001Website:
http://www.kbfg.comNext earnings report:
07 February 2025Last dividends:
27 June 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:04:09 GMTAnalysts recommendations
Institutional Ownership
KB Latest News
KB Financial Group Inc. (NYSE:KB ) Q3 2024 Earnings Conference Call October 24, 2024 3:00 AM ET Company Participants Jong-Hee Yang - Group CEO and Chairman Jae Kwan Kim - Group CFO and SEVP Conference Call Participants Kim Jae-Woo - Samsung Securities Do-Ha Kim - Hanwha Investment Securities Yong-Jin Seol - SK Securities Doosan Baek - Korea Investment Securities Miseon Lee - Citi Securities Jun-Sup Jung - NH Securities Jihyun Cho - JPMorgan Operator Greetings. We will now begin the 2024 Q3 business results presentation, and thank you very much for participating in today's earnings release.
KB Financial Group Inc. may have suffered an initial “value up” setback. But for patient investors, there remain many ways to win. The group's upcoming earnings report could be a catalyst.
KB Financial Group is one of the leading financial conglomerates in South Korea. Its shares have traded at steep discounts for a long time, a phenomenon known as the Korea discount. Government incentives and management's policies are working together to close that gap with strong, shareholder-friendly measures such as increased buybacks.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does KB Financial (KB) have what it takes?
Investors are paying more attention to listed Korean banking companies, as evidenced by recent news articles and analyst reports. KB Financial will be announcing details of its new value enhancement plan in the fourth quarter of the current year, which might include capital return improvement and corporate restructuring initiatives. KB's shares are attractively valued, considering that it is trading at a mid-single digit P/E multiple and a P/B ratio of under 0.6 times.
KB Financial Group Inc. (NYSE: KB) will hold its Q1 2024 Earnings Conference Call on April 25, 2024 at 3:00 AM ET. Company representatives include Peter Kwon, Head of Investor Relations, and Jae Kwan Kim, CFO and Senior VP. During the call, Peter Kwon introduced himself as the Head of IR at KB Financial Group.
Are dividends a top perk for shareholders, and is KB Financial (KB) a good dividend stock option?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
One-offs aside, KB Financial has stayed very resilient through a challenging period. Earnings look strong, particularly on the non-bank side, while asset quality risks appear well-contained. The deeply discounted valuation and well-covered yield add up to a very favorable risk/reward.
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What type of business is KB Financial?
KB Financial Group Inc. provides a range of banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally. The company operates through Retail Banking, Corporate Banking, Other Banking Services, Credit Card, Securities, Life Insurance, and Non-Life Insurance segments. It offers loans, deposit products, and other related financial products and services to large, small, medium-sized enterprises, and small office/home office, as well as individuals and households; investment banking, and brokerage and supporting services; life insurance products; non-life insurance products, including fire, maritime, injury, technology, liability, package, title, guarantee, other special type insurances, automobile, long-term nonlife, property damage, injury, driver, savings, illness, nursing, pension, and others; and credit sale, cash service, card loan, and other supporting services. The company also engages in securities and derivatives trading, funding, and other supporting activities. In addition, it offers foreign exchange transaction; financial investment; credit card and installment financing; financial leasing; auto Installment finance; real estate trust management; capital and collective investment; collection of receivables or credit investigation; software advisory, development, and supply; microfinance; investment advisory; claim; management; savings banking; information and communication; e-commerce; and general advisory services. The company was founded in 1963 and is headquartered in Seoul, South Korea.
What sector is KB Financial in?
KB Financial is in the Financial Services sector
What industry is KB Financial in?
KB Financial is in the Banks - Regional industry
What country is KB Financial from?
KB Financial is headquartered in South Korea
When did KB Financial go public?
KB Financial initial public offering (IPO) was on 13 November 2001
What is KB Financial website?
https://www.kbfg.com
Is KB Financial in the S&P 500?
No, KB Financial is not included in the S&P 500 index
Is KB Financial in the NASDAQ 100?
No, KB Financial is not included in the NASDAQ 100 index
Is KB Financial in the Dow Jones?
No, KB Financial is not included in the Dow Jones index
When was KB Financial the previous earnings report?
No data
When does KB Financial earnings report?
The next expected earnings date for KB Financial is 07 February 2025