KB Financial Group Inc is a leading financial services company based in South Korea, primarily engaged in a range of banking and financial activities
The company operates through various subsidiaries, including commercial banking, global investment banking, and asset management services, catering to both individual and corporate clients. With a strong emphasis on customer service and innovative financial solutions, KB Financial Group strives to maintain its position as a key player in the domestic and international markets, providing a comprehensive suite of products that includes loans, mortgages, insurance, and investment solutions. Its commitment to sustainability and digital transformation further enhances its competitive edge in the evolving financial landscape.
South Korean markets showed resilience Wednesday as President Yoon Suk Yeol was taken into custody, with the benchmark KOSPI rising 0.40% to 2,507.35 amid heightened political uncertainty.
Homebuilder KB Home (NYSEKBH) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 19.5% year on year to $2 billion. On the other hand, the company’s full-year revenue guidance of $7.25 billion at the midpoint came in 1.1% below analysts’ estimates. Its GAAP profit of $2.52 per share was 3.2% above analysts’ consensus estimates.
South Korea's political crisis has deepened with a second impeachment targeting acting President Han Duck-soo. On Friday, the opposition-controlled National Assembly voted to impeach Han, only two weeks after impeaching President Yoon Suk Yeol.
Since June 2024, KB Home has been in a holding pattern, posting a small return of 4.1% while floating around $70.80. The stock also fell short of the S&P 500’s 10.3% gain during that period.
U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Monday. Shares of Banco Santander, S.A. (NYSESAN) shares fell sharply during today’s pre-market trading.
