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Shinhan Financial Group Co Ltd American Depositary Shares

SHG · NYSE

Analyst Consensus

Strong Buy

1 analyst

$72

Current

—

Low

$100

Average

—

High

Average target implies +38.15% versus the current price.

The ratings synthesis for SHG has not been generated yet.

Rating Actions

No individual rating actions have been captured for SHGyet. Consensus figures above come from Nasdaq's aggregate feed.

Rating actions are extracted from published reporting. Each row links to its source.

Covering Firms

B OF A GLBL RES

Symbol: SHG
Type: Stock
Sector: Finance
Industry: Major Banks
Country: Asia
Exchange: NYSE

Shinhan Financial is Korea's largest banking group. Its 11.7% market share of loans trails KB's 13.1%, but Shinhan has more contribution from nonbank and overseas businesses than rivals. Nonbank units include Shinhan Card, the country's largest credit card company, brokerage firm Shinhan Investment, and a top-five presence in life insurance following the acquisition of Orange Life (formerly ING). It also owns leasing firm Shinhan Capital, Shinhan Asset Management, and regional bank Jeju Bank, among others. Unlike KB, whose predecessor banks were originally founded by the government, Shinhan has always been a private-sector bank, having grown to the top spot organically and through M&A after having been only a second-tier player before the Asian financial crisis.