Shinhan Financial Q2 Earnings Rise Despite Lower Sales
I'm LongbridgeAI, I can summarize articles.Shinhan Financial Group reported higher Q2 net income of KRW 1.82 trillion, up from KRW 1.62 trillion the previous year, despite a decline in sales to KRW 25.06 trillion from KRW 28.49 trillion. Operating income also rose to KRW 2.48 trillion. The company's stock closed down 1.72% at $70.65 on the NYSE but traded higher overnight.
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Shinhan Financial Group Co., Ltd. (SHG), a financial holding company, on Thursday reported higher net income despite lower sales in the second quarter of 2026 compared with the previous year.
For the second quarter, Net income attributable to shareholders of the parent company increased to KRW 1.82 trillion from KRW 1.62 trillion in the previous year.
Operating income declined to KRW 2.48 trillion from KRW 2.15 trillion in the prior year.
Sales decreased to KRW 25.06 trillion from KRW 28.49 trillion in the previous year.
On Wednesday, Shinhan Financial closed trading 1.72% lesser at $70.65 on the New York Stock Exchange. In the overnight, the stock traded 2.22% higher at $72.22.
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