Earnings Alerts

KB Financial (105560) Earnings: 3Q Net Surpasses Expectations with 1.61 Trillion Won

By October 24, 2024 No Comments
  • KB Financial‘s net income for the third quarter was 1.61 trillion won, surpassing the estimated 1.5 trillion won.
  • The company’s operating profit reached 2.36 trillion won.
  • Total sales for the period amounted to 15.49 trillion won.
  • Analyst recommendations include 24 buys, 2 holds, and 0 sells.

KB Financial on Smartkarma

Analysts on Smartkarma are closely monitoring KB Financial with insightful coverage. Sanghyun Park‘s analysis on the Korea Value-Up Index reveals surprising stock movements affecting KB and Hana, with potential impacts on bank stocks like KB in upcoming December changes. On the other hand, Douglas Kim anticipates a special rebalancing of the index in December 2024, with KB Financial among the top candidates for inclusion, signaling a positive outlook for the company.

In another report, Sanghyun Park provides details from KRX’s emergency press event on the Value-Up Index, noting potential December rebalancing effects on KB and Hana, while Douglas Kim highlights alpha generating opportunities from Corporate Value Up disclosures, particularly for companies like KB Financial and Shinhan Financial. This comprehensive analyst coverage on Smartkarma offers valuable insights for investors interested in KB Financial‘s performance and future prospects.


A look at KB Financial Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE3.8

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

KB Financial Group Inc. is positioned favorably for long-term growth, as indicated by its impressive Smartkarma Smart Scores. With strong scores of 4 in Value, Dividend, and Growth, the company demonstrates solid fundamentals and potential for future profitability. Additionally, its Momentum score of 5 suggests a positive uptrend in stock performance, reflecting investor confidence in the company’s trajectory.

However, KB Financial Group Inc. may face challenges in terms of Resilience, with a score of 2. This indicates a potential vulnerability to external economic shocks or industry-specific risks. Despite this, the company’s overall outlook remains optimistic, with a robust foundation for sustained growth and shareholder value creation in the dynamic financial sector.

### Summary ###
KB Financial Group Inc. was established in 2008 under the Financial Holding Companies Act, focusing on providing management services and financing to associated companies. Headquartered in Seoul, Korea, the company’s strong Smartkarma Smart Scores underscore its potential for long-term success and value generation for stakeholders.


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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