Shinhan Financial Group Co Ltd American Depositary Shares (NYSE:SHG) traded at a new 52-week high today of $33.69. Approximately 97,000 shares have changed hands today, as compared to an average 30-day volume of 137,000 shares.
Shinhan Financial Group Co Ltd American Depositary Shares (NYSE:SHG) defies analysts with a current price ($33.52) 3.1% above its average consensus price target of $32.49.
Shinhan Financial is Korea’s largest banking group. Its 11.5% market share of loans trails KB’s 13.3%, but Shinhan has more significant nonbank units than other banking groups. These include Shinhan Card, the country’s largest credit card company, brokerage firm Shinhan Investment, and a top-five presence in life insurance now that Orange Life (formerly ING) has been added to Shinhan Life. It also owns leasing firm Shinhan Capital, asset-management firm Shinhan BNPP, 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.
In the past 52 weeks, Shinhan Financial Group Co Ltd American Depositary Shares share prices are bracketed by a low of $21.06 and a high of $33.69 and is now at $33.52, 59% above that low price.
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