Shinhan outlines KRW 1.6T 2026 buybacks and Lotte Insurance acquisition
FROM THE WIRE · SEEKINGALPHA.COM
Earnings Call Insights: Shinhan Financial Group (SHG) Q3 2026 MANAGEMENT VIEW * Jeong Hoon Jang (Deputy President & CFO) said group CET1 ended Q3 at 13.62%, and added, "Today, the BOD approved a total of KRW 450 billion in share buyback and 400 -- excuse me, KRW 740 per share of…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe buyback plan and the insurance acquisition are relevant for the bank's stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Group CET1 ended the third quarter at 13.62%.
- 02Total buybacks completed this year will reach KRW 1.6 trillion, a 28% year-over-year increase.
- 03Third-quarter net income was KRW 1,584.6 billion, down 12.9% quarter-over-quarter.
- 04The bank decided to acquire 77% of Lotte Insurance.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets