Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and invest ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a ...

Financial Data and Key Metrics - Interest income grew 0.2% QoQ to KRW 2,821.8 billion despite declining market interest rates [57] - Corporate loans grew 6.0% during the quarter, driven by demand from large companies [38] - Non-interest income increased 10.9% QoQ to KRW 1,112.1 billion, driven by favorable market conditions [55][71] - SG&A expenses increased 7.2% QoQ due to higher advertising and service expenses [58] - CET1 ratio was 13.05% as of June 2024, down 6 bps QoQ due to RWA growth [48][56] - Credit cost ratio for Q2 was 48 bps, down 5 bps YoY, with recurring credit cost ratio at 31 bps [61][45] Business Line Performance - Bank NIM declined 4 bps QoQ to 1.60%, with interest-bearing assets growing 2.9% QoQ [41][42] - Fee income increased 1.8% QoQ, led by gains in credit cards and IB business [43] - Household loans grew 0.1%, driven by home mortgages, but growth slowed in Q2 [64] - Card delinquency ratio improved 12 bps QoQ, recovering to levels seen at the end of 2023 [59] Market and Regional Performance - Real estate PF exposure increased due to specific sites (Doan and Seoripul), adding KRW 1 trillion [90] - Provisioning rate for real estate PF was 12% for securities and 7% for Shinhan Capital, with group-level provisioning at 4.2% [90] - Delinquency ratios for SOHO loans and card business stabilized, with proactive credit management [59] Strategic Direction and Industry Competition - The company aims to achieve an ROE of 10% and ROTCE of 11.5% by 2027, with a CET1 ratio above 13% [50] - Shareholder return rate will be increased to 50% by 2027, with plans to reduce the number of shares to below 450 million [14][7] - The company will focus on improving ROA, leverage, and RWA management to enhance profitability [8][52] - Digital and ESG initiatives are being prioritized, with detailed updates provided in the presentation [49] Management Commentary on Operating Environment and Future Outlook - The company expects to maintain a CET1 ratio above 13% while increasing shareholder returns [27] - NIM is expected to decline slightly in H2 2024 due to lower policy rates and LCR regulations, but funding costs will be managed [92] - The company has set aside KRW 182.7 billion in additional provisions for real estate PF in Q2, with total exposure at KRW 269.6 billion [22][29] - Annual credit cost guidance is expected to be around 45 bps, with recurring provisions dominating in H2 [80][87] Other Important Information - The company resolved to distribute a per-share dividend of KRW 541 for Q2 2024 [56] - A KRW 300 billion share buyback is underway, with shares to be canceled upon completion [40] - The company plans to retire shares to below 500 million by 2024 and 450 million by 2027 [14][7] Q&A Session Summary Question: Shareholder Return and ROE Targets - The company aims to increase shareholder return to 50% by 2027, with a phased approach to TSR growth [19][20] - CET1 ratio will be maintained above 13%, allowing for higher shareholder returns without further growth [27] Question: Real Estate PF Provisions - Additional provisions of KRW 182.7 billion were set aside in Q2 for real estate PF, with total exposure at KRW 269.6 billion [22][29] - Provisioning rates for real estate PF are 12% for securities and 7% for Shinhan Capital [90] Question: NIM and Asset Growth Guidance - NIM is expected to decline slightly in H2 2024 due to lower policy rates, but funding costs will be managed [92] - Loan growth in H2 will focus on prime assets, with home mortgages and corporate loans driving growth [76] Question: Share Buyback and Dividend Policy - The company plans to retire shares to below 450 million by 2027, with flexibility in DPS and total dividend amounts [14][85] - If PBR falls below 1, the company will prioritize share cancellation over dividends [75] Question: Credit Cost Guidance - Nominal credit cost ratio for Q2 was 48 bps, with recurring credit cost ratio at 31 bps [61][45] - Annual credit cost guidance is expected to be around 45 bps, with recurring provisions dominating in H2 [80][87]

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. The Zacks Momentum Style Score encompasses ...

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits. The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are ...

Based in Seoul, Shinhan Financial (SHG) is in the Finance sector, and so far this year, shares have seen a price change of 10.3%. The financial services company is paying out a dividend of $0.61 per share at the moment, with a dividend yield of 3.61% compared to the Banks - Foreign industry's yield of 4.41% and the S&P 500's yield of 1.59%. Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. ...

Investors looking for stocks in the Banks - Foreign sector might want to consider either Shinhan Financial (SHG) or United Overseas Bank Ltd. (UOVEY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven ...

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES 99.2 Shinhan Financial Group Review Report for the 1Q of 2024 (Consolidated) (Unaudited) Contents | | Page | | --- | --- | | Independent Auditors' Review Report | 1 | | Consolidated Interim Statements of Financial Position | 3 | | Consolidated Interim Statements of Comprehensive Income | 4 | | Consolidated Interim Statements of Changes in Equity | 6 | | Consolidated Interim Statements of Cash Flows | 8 | | Notes to the Consolidated Interim Financial Stateme ...

Company Participants Conference Call Participants Sang-Hyuk Jung I will first go through our business highlights from Page 5 of the slides. In Q1 2024, we achieved KRW1.3215 trillion in net income, despite recognition of large nonoperating expense, thanks to the company's strong fundamentals based on top line growth. Interest income grew 9.4% Y-o-Y, thanks to proactive loan asset growth strategy and efficient margin management. Noninterest income for the group grew 0.3% as we defended the decline in securit ...