Search results for brokerage commissions
Finance
Brokerages fly on stock market boom as earnings engine for financial holding groups in Q1
Brokerage units of five major South Korean financial holding groups posted record-level first-quarter results, helped by a rise in domestic stock trading value. Higher trading boosted brokerage commission income, while product management gains and wealth management revenue recovered, supporting group earnings. NH Investment & Securities posted the biggest net profit. KB Securities and Hana Securities reported broad-based improvement, while Shinhan Investment showed strong brokerage and product gains but weaker investment banking.
Finance
Shinhan Investment Securities posts Q1 net profit of 288.4 billion won, up 167.4 percent
Shinhan Investment Securities said on Wednesday its first-quarter net profit rose 167.4 percent from a year earlier to 288.4 billion won. Operating profit jumped 228.5 percent to 386.4 billion won as fee-based income expanded. Operating revenue climbed 90.2 percent to 701.5 billion won, while fee income rose 111.7 percent to 407.4 billion won. Brokerage commissions surged, while investment banking revenue fell year on year.
Finance
Brokerage stocks emerge as biggest beneficiaries as KOSPI extends record run
South Korea\'s KOSPI closed at 5,808.53, up 2.31 percent, after topping 5,700 for the first time and briefly touching 5,809.91. Brokerage stocks led gains as January average daily trading value hit a record 62.3 trillion won and recently expanded to about 80 trillion won. The KRX securities index rose 43.0 percent last month and was up 74.26 percent year-to-date through Feb. 13. Analysts cited higher brokerage earnings leverage, shareholder return expectations and policy catalysts, while warning of volatility and property PF risks.
