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Kiwoom Securities Raises KB Financial Group Price Target on Strong Shareholder Returns
Finance · Major Banks · yonhap_finance · 2026-09-08
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Kiwoom Securities has increased its price target for KB Financial Group to 240,000 KRW, citing industry-leading shareholder returns and record profits.
What Happened
Price Target Adjustment: Kiwoom Securities has raised its target price for KB Financial Group from 230,000 KRW to 240,000 KRW, maintaining a 'Buy' rating. The firm highlighted KB's superior shareholder return policy as a key driver for the valuation upgrade.
Record Financial Performance: KB Financial reported a record quarterly net profit of 1.99 trillion KRW in Q2, marking a 14.6% increase year-on-year. With a cumulative first-half net profit of 3.88 trillion KRW, the company is well-positioned to achieve its highest annual earnings to date.
ROE and Valuation: Analyst Kim Eun-gap noted that the Return on Equity (ROE) forecast for KB Financial has been significantly revised upward from 9.8% to 11.1%. This strong profitability, combined with high shareholder returns, justifies a premium valuation compared to other banking peers.
Sector Outlook: Kiwoom Securities maintains an 'Overweight' stance on the banking sector. The firm expects banks with large brokerage subsidiaries to benefit from improved non-banking performance, supporting a positive outlook for the remainder of the year.