Understanding Financial Performance of Financial Holdings: Fubon Financial Group Takes the Top Spot with EPS of 4.57 Yuan in May, Overtaking Cathay Financial Holding's 4.07 Yuan for the Entire 2023

Reported about 1 year ago

Renowned journalist, Li Jinqi, on June 10, 2024, at 8:56 a.m., financial results for May are all out for the financial holdings! Fubon Financial Group reported a consolidated after-tax net profit of 16.02 billion yuan for May, setting a new high for the same period in history, with an EPS of 1.23 yuan; totaling 59.43 billion yuan in after-tax net profit for the first five months of the year, with an EPS of 4.57 yuan, reclaiming the throne of financial performance. Meanwhile, Cathay Financial Holding recorded an after-tax net profit of 7.88 billion yuan in May, accumulating a total after-tax net profit of 58.81 billion yuan, with an EPS of 4.07 yuan, surpassing the previous year's full-year level, marking the second highest in history. Fubon Financial Group's subsidiaries, Fubon Life, Taipei Fubon Bank, and Fubon Securities, all achieved record high profits for May; at the same time, the cumulative after-tax net profits for Taipei Fubon Bank and Fubon Securities for the first five months of the year also reached historical highs. Detailed profit performances of each subsidiary are explained below...

Source: YAHOO

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