KB Stock Recent News

With a stressful year behind us, it's time to buy undervalued stocks, including the seven bargain financial stocks we'll discuss today. Historically, this industry is known for sizable dividends and strong profitability, especially now with rising interest rates.

KB Financial's year-to-date share price performance is inferior to that of its peers. Looking ahead, the potential catalysts for KB include higher-than-expected dividends, a new share repurchase program, and stronger-than-expected non-interest income growth.

KB Financial's Q2 2022 bottom line exceeded market expectations, thanks to NIM expansion and profit growth for its credit card business. KB's recently announced KRW150 billion treasury share cancellation sends a positive signal about the company's commitment towards future shareholder capital return.

KB Financial Group Inc. (NYSE:KB ) Q2 2022 Results Conference Call July 21, 2022 3:00 AM ET Company Participants Peter Kweon - Head, IR Scott Seo - Group CFO and Senior Managing Director Pil-Kyu Im - CRO Conference Call Participants Samsung Securities - Jaewoo Kim Yafei Tian - Citi Securities Peter Kweon Greetings. I am Peter Kweon, the Head of IR at KBFG.

Net interest margin expansion was the key driver of KB Financial's +14% bottom line growth in Q1 2022, which highlights that the company is a beneficiary of recent rate hikes. South Korea has voted in a new president this year, and the new administration's policies are expected to be favorable for KB Financial and its financial services peers.