It’s a value stock that just broke above a long-term downtrend, not a combination of factors that shows up every day. The problem is the FDIC’s concern about anti-money-laundering programs of this NYSE-traded South Korean bank. With a value stock, there’s usually an issue but is this an issue too serious?
Here are the metrics: Shinhan Financial Group (NYSE: SHG) is trading with a price-earnings ratio of just 4.97, well below the p/e of the Standard & Poor’s 500 now sitting at 20.66. The stock trades at 48% of its book value. Earnings for 2022 increased by 9.80% and for the past 5 years by 5.00%. Shinhan pays a 3.21% dividend.
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