8 Most Profitable Bank Stocks To Buy According to Analysts

2. KB Financial Group Inc. (NYSE:KB)

Average Upside Potential: 33.37%

TTM Net Income: $3.309 Billion

KB Financial Group Inc. (NYSE:KB) is a leading Korean financial services provider and has 11 subsidiaries including KB Kookmin Bank, KB Securities, KB Insurance, KB Kookmin Card, KB Life Insurance, KB Asset Management, KB Capital, KB Real Estate Trust, KB Savings Bank, KB Investment, KB Data Systems. KB Kookmin Bank strives to be a reliable bank, offering the best financial services and being customer-centric. The Group offers integrated financial solutions and services to its clients through its businesses.

The company’s core strengths stem from its expertise, extensive customer base, wide distribution network, and strong brand. Being among South Korea’s largest banks, KB Financial Group Inc. (NYSE:KB) boasts the industry’s strongest capital position, a renowned low-cost deposit franchise, and leading fee income, as stated by Oakmark International Fund, which was excited to buy the shares at an attractive valuation for a bank ‘commonly acknowledged as the best bank in South Korea’.

KB Financial Group Inc. (NYSE:KB) recorded a cumulative net profit of KRW4,395.3 billion for Q3 2024. The group continues to generate stable profits based on balanced growth in key non-banking subsidiaries such as securities, insurance, and card. Although KB was exposed to challenges from rate cuts and an economic downturn, the aforementioned sectors played a positive role in the overall financial performance.