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Will Korean bank stocks bounce back on blue wave?


Posted : 2021-01-14 16:45
Updated : 2021-01-14 18:01
U.S President-elect Joe Biden delivers an address in Atlanta for Democratic candidates on Jan. 4, the eve of the Georgia Senate election. AP-Yonhap
By Lee Min-hyung
Investors are paying growing attention to whether Korean bank shares will be able to benefit from a so-called blue wave, a commonly used phrase referring to U.S. President-elect Joe Biden s Democratic Party taking control of the House and Senate there.
These results are widely seen as giving more leeway for Biden s push for pump-priming measures for the U.S. economy. The expectation raised the yield on the 10-year U.S. Treasury note above 1 percent last week for the first time since the effects of the COVID-19 pandemic started engulfing the global economy in March last year. ....

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KB considered most stable financial firm despite dividend uncertainty


KB considered most stable financial firm despite dividend uncertainty
Posted : 2020-12-28 16:42
Updated : 2020-12-28 19:22
KB Financial Group Chairman Yoon Jong-kyoo speaks during a shareholders meeting at its headquarters on Yeouido in Seoul on Nov. 20. Yonhap
By Lee Min-hyung
With financial authorities pressing banks to reduce this year s dividends, local financial stocks have failed to make any astonishing year-end rebounds even the day before the dividends date scheduled on Tuesday.
In Korea, banks share prices have been stuck in a box pattern for the past decade.
Even if the benchmark KOSPI is setting a new record high amid its unceasing rally after the pandemic-induced crash in March, major bank shares have remained in the doldrums. Typically, their price surges around December amid investors hopes for relatively high dividends from bank shares. ....

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Bank stocks losing growth momentum despite year-end dividend season


By Lee Min-hyung
Bank stocks are losing their growth momentum, even as the year-end dividend season draws near.
In most cases, stocks of financial holding firms rise around December, as investors turn their eyes on dividend offerings from major banks
But this appears not to be the case this year amid the growing likelihood that dividend payments will decline this year, compared to 2019, as the financial authorities have repeated calls for banks to reduce dividends temporarily in consideration of the virus-induced economic uncertainties.
Banks have fallen victim to the pressure from regulators, with investors paying less attention to financial stocks. For major lenders, their stock prices have been on a gradual rise since late November amid investors hope for year-end dividends. ....

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