WF News and Press, Woori Bank American Depositary Shares From 08/03/20

Unprecedented events in the global economy have had a strange impact on the stock market even as indices have fully recovered from the COVID-19 shock, but performance has diverged wildly among industries. Uncertainty over the next year of public health and economic activity makes it impossible t...

Once the country most affected by the COVID-19 outbreak outside of China, South Korea has quickly recovered from the panic days of March. Thanks in part to the effective measures taken by the government (contacts tracing, itinerant testing) and in part to a compliant attitude from citizens (we...

On April 29, 2020, Woori Financial Group filed its Annual Report on Form 20-F for the year ended December 31, 2019 with the U.S. Securities and Exchange Commission. The 2019 Annual Report on Form 20-F can be downloaded from www.woorifg.com , as well as from the website of the U.S. Securities...

Goldman Sachs, which is advising Prudential Financial (NYSE: PRU ) on the sale of its life insurance unit in South Korea, sent information to potential buyers, Edaily reports, citing people in the investment banking industry. More news on: Prudential Financial, Inc., KB Financial Group Inc...

Investment highlights Woori Financial Group ( WF ) plans to acquire a 100% stake in Woori Card for KRW598.4bn in cash, and buy a 59.8% stake in Woori Investment Bank from Woori Bank for KRW392.8bn. The market had anticipated that these two second-tier subsidiaries would become first-tier s...

Investment highlights Woori Financial Group's (WF) 1Q19 net income came in at KRW568.6bn, beating the consensus estimate of KRW538.6bn. Stripping off a one-off caused by a change of accounting method (a KRW38bn decline in net income attributable to controlling interest), net income would hav...

On April 9th, Principal Financial ( PFG ) announced an agreement to acquire Wells Fargo's ( WF ) Institutional Retirement & Trust division at a net purchase price of $1.05 billion. PFG plans to finance the deal through a combination of debt ($0.4-$0.5 billion) and cash. Management has ...

By the time you read this, Kim Jong Un’s armored train would have arrived in Hanoi, Vietnam for the second summit between the United States and North Korea. This is important as the seeds have been sewn for the opening of North Korea and the commencement of a new investment cycle in th...

Investment highlights Woori Bank ( WF ) reported KRW597.5bn in 3Q18 net income (+113% YoY, -17% QoQ), beating the consensus of KRW565.5bn. Notable events in 3Q include: 1) a KRW52bn gain related to STX Corp (011810.KS, not rated) (KRW45bn provision writeback plus KRW7bn non-operating income)...

NEW YORK, NY / ACCESSWIRE / September 13, 2018 / U.S. markets were mixed on Wednesday as technology shares declined, dragging the Nasdaq into the red. The Dow Jones Industrial Average climbed 0.11 percent to close at 25,998.92, while the S&P 500 Index jumped 0.04 percent to close at 2,88...