In today’s briefing:
- Jb Financial (175330 KS) – Friday, Sep 6, 2024
Jb Financial (175330 KS) – Friday, Sep 6, 2024
- JB Financial is a Korean regional bank involved in traditional banking services such as mortgage loans, auto loans, and asset management
- The bank has a stable performance with a 10-12% return on common equity and a strong 12.5% CET1 ratio, but trades at a low valuation of .56xTBV and 4-5x earnings
- Activist fund Align Partners has influenced JB’s capital allocation decisions, advocating for buybacks and higher capital returns, while the bank offers a significant 6.6% dividend that has been growing at a double-digit rate
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
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