Reported 8 months ago
Benefiting from the bullish trend in the Taiwan stock market, Yuanta Financial's stock price rose by 5.47% to NT$33.75, with a 19% year-on-year increase in net profit to NT$2.515 billion in May. Overall, the 14 financial holding companies in Taiwan collectively earned NT$52.65 billion in May, doubling from last year and surpassing the 2021 record. Fubon Financial, with a net profit of NT$16.02 billion in May and a total of NT$59.43 billion in the first five months, reclaimed the profit king title among the financial holdings. With the weighted index breaking the 23,000 mark, financial stocks like Yuanta Financial and Fubon Financial showed significant gains, reflecting the strong performance in the stock market.
Source: YAHOO