[EQUITIES] JB Financial Group to beat Q2 earnings expectations
Jul 21, 2016
[THE INVESTOR] JB Financial Group is likely to report stronger-than-expected second quarter earnings, propelled by a robust asset growth, local brokerage house Mirae Asset Securities said on July 21. “The group is expected to post 42.5 billion won (US$37.25 million) net profit in Q2 to exceed the current market consensus forecast of 40.3 billion won,” said Kang Hye-seung, an analyst at Mirae Asset said. Kang said JB Financial Group’s profit surged as its subsidiary Gwangju Bank showed a high gro