Core Insights - The article discusses the value investment opportunities in Shinhan Financial (SHG) and Nordea Bank AB (NRDBY), highlighting SHG as the superior value option based on various financial metrics [5][9]. Valuation Metrics - SHG has a forward P/E ratio of 6.18, while NRDBY has a forward P/E of 7.59, indicating that SHG is more attractively priced relative to its earnings [3]. - SHG's PEG ratio is 0.66, compared to NRDBY's PEG ratio of 0.73, suggesting that SHG offers better value when considering expected earnings growth [3]. - SHG has a P/B ratio of 0.43, significantly lower than NRDBY's P/B ratio of 1.29, further indicating SHG's undervaluation relative to its book value [8]. Earnings Outlook - Both SHG and NRDBY currently hold a Zacks Rank of 2 (Buy), reflecting positive revisions to their earnings estimates and improving earnings outlooks [6]. - The article emphasizes that while both companies have solid earnings prospects, SHG stands out as the better value option based on the discussed metrics [9]. Value Grades - SHG has a Value grade of B, while NRDBY has a Value grade of D, indicating a significant difference in their perceived value by the Style Scores system [4]. - The Style Score Value grade incorporates various fundamental metrics, including P/E ratio, P/S ratio, earnings yield, and cash flow per share, which are critical for value investors [7].

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 ...

Shinhan Financial Group Co., Ltd. (NYSE:SHG) Q1 2024 Earnings Conference Call April 26, 2024 1:00 AM ET Company Participants Sang-Hyuk Jung - Chief Executive Officer Conference Call Participants Park Hye-jin - Daishin Securities Jung Jun-Sup - NH Securities Seol Yong Jin - SK Securities Doosan Baek - Korea Investment Securities Sinyoung Park - Goldman Sachs Shim Jongmin - CLS Securities Sang-Hyuk Jung Good afternoon. Let me first thank everyone for participating at our Q1 2024 Earnings Conference Call despi ...

Page ITEM 10.G. Statements by Experts 280 ITEM 10.H. Documents on Display 280 ITEM 10.I. Subsidiary Information 280 ITEM 10.J. Annual Report to Security Holders 280 ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 280 ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 280 ITEM 12.A. Debt Securities 280 ITEM 12.B. Warrants and Rights 280 ITEM 12.C. Other Securities 280 ITEM 12.D. American Depositary Shares 281 PART II ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 28 ...

FORM 6-K 20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, Korea (Address of principal executive offices) Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _______ Please refer to Exhibit 99.1. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15 ...

Financial Performance - Shinhan Financial Group reported a net income of KRW 4.4 trillion for FY2023, representing a 6.4% decrease from the previous year due to conservative loan loss provisioning[33]. - Operating income grew by 15.6% year-on-year, driven by stable market interest rates and growth in interest income from corporate loans[32]. - The Group's net income for Shinhan Bank was KRW 3,067.7 billion, with a return on equity (ROE) of 9.39%[36]. - Shinhan Asset Management reported a net income of KRW 51.3 billion, achieving an ROE of 20.14%[36]. Shareholder Returns - Shinhan Financial Group implemented share buybacks and cancellations totaling KRW 485.9 billion, enhancing total returns to shareholders[3]. - The Group's total shareholder return reached 36.0% in 2023, up from 30.0% in the previous year[38]. - The Group paid out a cash dividend of KRW 2,100 per share in 2023, with a total dividend amount of KRW 1,086 billion[39][43]. - The dividend yield for 2023 was 4.9%, based on the Korea Exchange[43]. - Share buyback and cancellation programs worth KRW 500 billion were implemented to address undervaluation[39]. - For 2024, the Group plans to distribute profits in a 6:4 ratio, with 60% allocated for internal reserves and 40% for shareholder returns[40][41]. - The total amount of dividends paid in 2023 was KRW 1,086 billion, including both common and preferred shares[43]. - The Group aims to gradually increase total shareholder returns while considering macroeconomic conditions and regulatory stress test results[46]. - In February 2024, the Board of Directors decided to carry out share buyback and cancellations worth KRW 150 billion[41]. Governance and Board Composition - The Board consists of 11 directors, with 82% being independent directors, ensuring a strong governance structure[116]. - The Board has maintained a majority of independent directors, with at least 8 independent members, to enhance decision-making efficiency[115]. - The company aims to ensure the collective suitability of the BOD by appointing independent directors with expertise in areas such as finance, IT, and consumer protection[127]. - The independent directors make up the majority of all sub-committees, ensuring independence and expertise in decision-making[137]. - The Company established the Nomination Advisory Group in 2023 to enhance the objectivity and transparency of the independent director nomination process, expanding it from four to five steps[165]. - The evaluation of independent directors will shift to a 0% weight for self-evaluation and a 90% weight for peer evaluation starting in 2024, aiming for more accurate assessments[170]. - The Company has a two-year term for the initial appointment of independent directors and one-year terms for subsequent reappointments[167]. Organizational Changes and Strategy - An organizational reform was carried out in July 2023 to establish a Customer Protection Division, enhancing customer-centric management[5]. - The Group's management plan for 2024 is under discussion, focusing on alignment with the macroeconomic outlook[68]. - The direction of the Group's ESG management is a key agenda item for discussion among the board members[68]. - The Group's Recovery and Resolution Plan (RRP) is under review to align with strategic objectives[68]. - The board is discussing organizational reform in line with the Group's strategy to enhance operational efficiency[68]. - The Customer Protection Division will integrate the Compliance Team to strengthen links between customer protection and internal control roles starting January 2024[200]. Diversity and Inclusion - The representation of women on the Board of Directors increased from 7.1% in 2021 to a projected 27.3% following the upcoming Annual General Meeting[7]. - The company is committed to enhancing board diversity and expertise, proposing the re-election of 7 independent directors and the appointment of 2 new independent directors[7]. - The nominee Ms. SONG Seongjoo brings expertise in financial engineering and risk management, enhancing the Board's capabilities in these areas[109]. - Mr. CHOI Young-Gwon is recognized for his experience in ESG and capital markets, expected to contribute significantly to the company's strategic direction[113]. Management and Succession Planning - The CEO Recommendation Committee conducted three Management Succession Plan adequacy reviews in 2023, ensuring proper management succession processes[188]. - The Subsidiary CEO Recommendation Committee was renamed in February 2023, focusing on nominating candidates for subsidiary CEOs[142]. - The Company transferred the authority to nominate candidates for subsidiary management to the subsidiaries by the end of 2020, with further delegation of management succession roles to subsidiary CEOs by the end of 2023[142].

EX-99.1 Shinhan Financial Group Review Report for the 3Q of 2023 (Consolidated) SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES Consolidated Interim Financial Statements September 30, 2023 and 2022 (Unaudited) Contents | Report on Review of Interim Financial Statements | 1 | | --- | --- | | Consolidated Interim Statements of Financial Position | 3 | | Consolidated Interim Statements of Comprehensive Income | 4 | | Consolidated Interim Statements of Changes in Equity | 7 | | Consolidated Interim Statement ...