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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  KB Financial Group Inc.    A105560   KR7105560007

KB FINANCIAL GROUP INC.

(A105560)
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KB Financial : 3Q Net Profit Jumped 27% on Year

10/22/2020 | 04:43am EST

By Kwanwoo Jun

KB Financial Group's third-quarter net profit jumped 27% from a year earlier, helped by its acquisition of Prudential Financial's South Korea unit as well as increased interest and fee incomes.

Net profit for the quarter ended Sept. 30 was 1.194 trillion won ($1.05 billion), the South Korean company said Thursday. That beat a FactSet-compiled consensus forecast of KRW1.011 trillion.

Third-quarter revenue fell 19% to KRW10.533 trillion, while operating profit rose 13% to KRW1.417 trillion.

The quarterly results reflected a profit contribution of more than KRW100 billion from the Prudential unit, the company said.

The unit is valued above what KB paid for it, a factor that is likely to be reflected positively on the company's balance sheet for the next several quarters, KB officials said.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

10-22-20 0442ET

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Financials
Sales 2020 12 326 B 11,2 B 11,2 B
Net income 2020 3 464 B 3,14 B 3,14 B
Net Debt 2020 - - -
P/E ratio 2020 4,89x
Yield 2020 5,01%
Capitalization 16 520 B 14 915 M 14 951 M
Capi. / Sales 2020 1,34x
Capi. / Sales 2021 1,29x
Nbr of Employees 25 428
Free-Float 92,5%
Chart KB FINANCIAL GROUP INC.
Duration : Period :
KB Financial Group Inc. Technical Analysis Chart | A105560 | KR7105560007 | MarketScreener
Technical analysis trends KB FINANCIAL GROUP INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 56 436,00 KRW
Last Close Price 42 400,00 KRW
Spread / Highest target 50,9%
Spread / Average Target 33,1%
Spread / Lowest Target 1,42%
EPS Revisions
Managers and Directors
NameTitle
Jong-Kyoo Yoon Chairman & Chief Executive Officer
Ki-Hwan Kim Chief Financial Officer & Senior Executive VP
Woo-Yeol Lee Chief Information Technology Officer
Woo Yeul Lee Chief Information Technology Officer
B Solomon Stuart Independent Director
Sector and Competitors