Shinhan Financial Group Reaches New 52-Week High (SHG)

NEW YORK ( TheStreet) -- Shinhan Financial Group (NYSE: SHG) hit a new 52-week high Thursday as it is currently trading at $100.23, above its previous 52-week high of $99.11 with 3,002 shares traded as of 9:41 a.m. ET. Average volume has been 54,900 shares over the past 30 days.

Shinhan Financial Group has a market cap of $22.7 billion and is part of the financial sector and banking industry. Shares are up 5.3% year to date as of the close of trading on Wednesday.

Shinhan Financial Group Co., Ltd., together with its subsidiaries, provides financial products and services to corporations, governments, institutions, and individuals in Korea and internationally. The company has a P/E ratio of 10.1, above the average banking industry P/E ratio of 9.6 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Shinhan Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Shinhan Financial Group Ratings Report.

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