Citigroup Upgrades KB Financial Group (ADR) to Buy

Brokerage firm Citigroup Upgrades its rating on KB Financial Group (ADR)(NYSE:KB). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Citigroup was issued on Jul 21, 2016.

KB Financial Group (ADR) (KB) shares turned negative on Wednesdays trading session with the shares closing down -0.17 points or -0.57% at a volume of 80,086. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.82. The peak price level was also seen at $29.82 while the days lowest was $29.66. Finally the shares closed at $29.68. The 52-week high of the shares is $33 while the 52-week low is $22.84. According to the latest information available, the market cap of the company is $11,345 M.

KB Financial Group Inc. (KB Financial Group) is a financial holding company in Korea. The Company’s operations include Kookmin Bank a commercial bank in Korea. The Company operates through six business segments: retail banking operations which include retail banking services provided by Kookmin Bank; corporate banking operations which include corporate banking services of Kookmin Bank; other banking operations which include Kookmin Bank’s banking operations other than retail and corporate banking operations including treasury activities; credit card operations which include credit card activities conducted by KB Kookmin Card Co. Ltd.; investment and securities operations which include securities brokerage investment banking securities investment and trading and other capital markets services conducted by KB Investment & Securities Co. Ltd. and life insurance operations which include life insurance and wealth management services provided by KB Life Insurance Co. Ltd.

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