Goldman Sachs
May 26, 2026
Fubon Financial Holdings 1Q26 Results Briefing Takeaways
Single Stock ReportEquitiesFinancials
Fubon Financial Holdings reported strong 1Q26 results with adjusted net profit of NT$66.3bn and a 19% qoq increase in Life book value. Goldman Sachs raised the target price to NT$96 while maintaining a Neutral rating.
Key Takeaways
- 1.Fubon reported strong 1Q26 results with earnings growth across banking, securities, and P&C segments, leading to an adjusted net profit of NT$66.3bn.
- 2.Life insurance book value increased 19% quarter-on-quarter to NT$630.2bn, driven by higher NTD yields and mark-to-market benefits.
- 3.Goldman Sachs raised its 12-month target price for Fubon to NT$96 from NT$90, reflecting improved earnings and book value outlooks.
Table of Contents
- Price Target Risks and Methodology - Fubon FHC
- Disclosure Appendix
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Company-specific regulatory disclosures
- Distribution of ratings/investment banking relationships
- Price target and rating history chart(s)
- Target price history table(s)
- Regulatory disclosures
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Authors
Thomas WangSimone Chen
Securities
2881.TW
Themes
1Q26 Earnings AnalysisInterest Rate SensitivityIFRS 17 Transition
Regions
Asia PacificUnited StatesTaiwan
