KB Stock Summary and Trading Ideas (KB Financial Group | NYSE:KB)

KB Financial is the parent company of KB Kookmin Bank, Korea's largest commercial bank, with a 12.8% share of loans as of 2022. Its predecessor banks were established in the 1960s as government policy banks and privatized in the 1990s. Its credit card subsidiary KB Kookmin Card is the number-three player behind Shinhan Card and Samsung Card. KB has in recent years expanded its nonbank business by buying LIG Insurance and Hyundai Securities, making KB a top-five player in nonlife insurance and in securities, and most recently by buying Prudential Life Insurance Korea. It also has KB Capital, which provides leasing and installment finance.

KB Financial Group trades on the NYSE stock market under the symbol KB.

As of April 19, 2024, KB stock price climbed to $46.24 with 119,438 million shares trading.

KB has a beta of 1.03, meaning it tends to be more sensitive to market movements. KB has a correlation of 0.12 to the broad based SPY ETF.

KB has a market cap of $17.51 billion. This is considered a Large Cap stock.

In the last 3 years, KB stock traded as high as $58.52 and as low as $30.14.

The top ETF exchange traded funds that KB belongs to (by Net Assets): VEU, AVEM, AVES, VT, CGDG.

KB has outperformed the market in the last year with a return of +24.7%, while the SPY ETF gained +21.2%. In the last 3 month period, KB beat the market returning +25.2%, while SPY returned +4.3%. However, in the most recent 2 weeks KB has underperformed the stock market by returning -9.2%, while SPY returned -3.5%.

KB support price is $44.86 and resistance is $46.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KB stock will trade within this expected range on the day.