Shinhan Financial Group is rated 'Buy' due to its expanding international presence and diversification beyond traditional banking. Its profit from non-Korean markets is increasing, with key non-bank segments like asset management and securities showing annualized ROEs above 19% in early 2024. The group's overall ROE is expected to rise from 9% in 2023 to 10% by 2026, supporting a higher price-to-book valuation. This growth outlook highlights Shinhan's potential as a valuable investment in the Asian financial sector.
Shinhan Financial's overseas and non-banking growth is the subject of this update. For readers following the Financials sector, here is Pluang's market snapshot as of Oct 10, 2026 02:21 WIB: Out of 118 priced US Financial stocks, 71 rose and 45 fell. Notable movers include BTBT at USD 1.31 with a 1-day change of -3.68%, NU at USD 15.91 with +3.45%, and APO at USD 119.02 with +3.22%.
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