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SHG +4.42% today · Analysis updated Nov 13, 2026, 4:46 PM ET
Why is Shinhan Financial Group Co., Ltd. (SHG) stock up today?
SHG gapped up on Nov 13, opening at $67.66 after a $63.77 close and trading near $66.59 on about 248K shares. That is above the roughly 186K average volume, so volume now partly backs the move. The ADR had traded between about $63 and $66 since Q3 results on Oct 27. It is still well below the Sep 8 high of $85.57. Fundamentals are solid. Q3 attributable net income was 1.585 trillion won, up from 1.424 trillion won a year earlier. A 700 billion won buyback is complete, a new 450 billion won buyback is approved, and the quarterly dividend is 740 won. The planned purchase of 77% of Lotte Insurance broadens the non-bank business but adds integration risk. Valuation is modest, with a trailing P/E near 8.4 and a dividend yield near 3.1%. The shares trail the KOSPI year to date. No company-specific news in the last two weeks clearly explains the gap. The cause may be the broader Korean market or the won. Recent news is mostly ESG recognition and startup support, which are minor. A stake cut by the National Pension Service and a still-weak price against the 200-day average are small negatives.
News behind the analysis
- Shinhan Financial Group (NYSE:SHG) Shares Gap UpSHG closed at $63.77 and opened Friday at $67.66. Weiss Ratings reaffirmed a buy rating on Thursday.
- Shinhan Financial Group: 3 Key Takeaways for Long-Term InvestorsThe board approved KRW 450 billion in buybacks and a KRW 740 quarterly dividend. The group agreed to buy 77% of Lotte Insurance, and management projects credit costs in the low 40 bp range.
- Shinhan Financial Group expands support for domestic startups entering JapanShinhan held the Futures Lab Japan Demo Day in Tokyo on Nov 11 with Shinhan Bank Japan and Kiraboshi Bank.
- Shinhan Financial Group earns A+ in ESG ratings for 12 consecutive yearsShinhan is the only Korean company with an overall A+ in the KCGS ESG assessment for 12 straight years.
- Shinhan Financial Group Posts Higher Q3 Attributable Net Income; Revenue UpQ3 net income attributable to the parent was 1.585 trillion won, up from 1.424 trillion won a year earlier. The company also completed its 700 billion won buyback.
- Shinhan Financial Group (SHG) stock quote and newsSHG's trailing P/E is 8.38 and its forward dividend yield is 3.13%. It is up 23.93% year to date, against 25.54% for the KOSPI.
- Shinhan Financial unit declares KRW 1T dividendShinhan Bank declared a KRW 1 trillion interim dividend, paid to the parent, with a Nov 5 record date.
- Shinhan schedules 6,538,516 share cancellationShinhan scheduled the cancellation of 6.54 million treasury shares for Nov 4 after completing its buyback.
- SHG: Shinhan Financial Group - Quote and NewsLatest items include the Q3 earnings call review, a small stake cut by the National Pension Service, and the completed KRW 700 billion buyback. The 52-week high is $85.57 (Sep 8).