Earnings Alerts

KB Financial (105560) Earnings: 1Q Net Profit Surpasses Estimates with 1.70 Trillion Won

  • KB Financial‘s 1Q Net Profit: The company’s net profit for the first quarter is 1.70 trillion won, exceeding the estimated 1.57 trillion won.
  • Operating Profit Figures: KB Financial reported an operating profit of 2.29 trillion won.
  • Total Sales: The company achieved sales totaling 19.74 trillion won.
  • Market Analyst Ratings: There are 25 buy ratings, 1 hold, and no sell ratings on KB Financial.

KB Financial on Smartkarma

KB Financial has been under analyst coverage on Smartkarma by top independent analysts like Douglas Kim and Daniel Tabbush. Douglas Kim‘s analysis, “Lee Jae-Myung’s Policies Likely to Negatively Impact Korean Banks,” suggests that if Lee Jae-Myung becomes the next President of Korea, the banking sector could face challenges due to proposed policies such as providing a “basic loan” per citizen without rigorous credit checks. This could increase pressure on local banks to support social policies financially.

On the other hand, Douglas Kim‘s positive analysis, “A Review of Major Equity Indices in Korea in 2024,” focuses on reviewing major equity indices like the KOSPI 200 and Korea Value Up Index. The Korea Exchange has plans for special changes to the Korea Value-Up Index constituents, indicating ongoing opportunities for alpha generation and promoting the Korea Value Up Index extensively in the current year.


A look at KB Financial Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma’s Smart Scores, KB Financial is positioned well for long-term success. With strong scores of 4 in Value, Dividend, and Growth, the company shows promise in terms of its financial health and potential for future expansion. Additionally, with respectable scores of 3 in Resilience and Momentum, KB Financial demonstrates a balanced approach to managing risks and leveraging market opportunities.

KB Financial Group Inc., established in 2008, serves as a financial holding company in Seoul, Korea. With a focus on providing management services and financing to associated companies, KB Financial plays a crucial role in the financial ecosystem. As indicated by its favorable Smart Scores, KB Financial is poised to continue its trajectory of steady growth and value creation in the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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