M&T Bank (MTB) vs Shinhan Financial Group (SHG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Shinhan Financial Group (SHG) has outperformed M&T Bank (MTB) over the past year, gaining 53.9% versus a gain of 14.3%. Over five years, SHG leads with a +132.1% price change compared with +43.3% for MTB. Shinhan Financial Group is the larger company by market cap ($36.31 billion vs $31.28 billion), about 1.2 times the size.
On valuation, Shinhan Financial Group trades at a lower forward P/E (8.3x vs 10.3x for M&T Bank). Shinhan Financial Group offers the higher dividend yield (3799.77% vs 2.77%). M&T Bank converts more of its revenue into profit, with a net margin of 172.1% versus 23.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MTB | SHG |
|---|---|---|
| Share price | $216.63 | $77.11 |
| Market cap | $31.28B | $36.31B |
| 1-day change | -0.96% | -1.03% |
| YTD return | +7.52% | +43.78% |
| 1-year return | +14.27% | +53.85% |
| 5-year return | +43.34% | +132.12% |
| P/E ratio (TTM) | 11.56 | 10.25 |
| Forward P/E | 10.30 | 8.26 |
| EPS (TTM) | $18.74 | $7.52 |
| Dividend yield | 2.77% | 3799.77% |
| Annual dividend | $6.00 | $2,930.00 |
| Revenue (latest FY) | $1.66B | $10.59B |
| Revenue growth (YoY) | +7.53% | +13.00% |
| Net income (latest FY) | $2.85B | $2.52B |
| Net margin | 172.06% | 23.76% |
| 52-week high | $255.95 | $85.57 |
| 52-week low | $174.76 | $47.05 |
| Distance from 52-week high | -15.36% | -9.89% |
| Analyst consensus | hold | none |
| Avg. price target upside | +16.75% | +27.56% |
| Average volume | 1.06M | 193.24K |
| Shares outstanding | 144.42M | 470.86M |
| Employees | 21,662 | 184 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- SHG has outperformed MTB by 39.6 percentage points over the past year.
- Shinhan Financial Group offers a meaningfully higher dividend yield (3799.77% vs 2.77%).
- M&T Bank is more profitable, keeping 172.1 cents of every revenue dollar as net income versus 23.8 cents for Shinhan Financial Group.
- Shinhan Financial Group grew revenue faster in its latest fiscal year (+13.00% vs +7.53%).
About M&T Bank
MTB stock →M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.
Finance · Major Banks · 21,662 employees
About Shinhan Financial Group
SHG stock →Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and overseas.
Finance · Major Banks · 184 employees
MTB vs SHG FAQ
Which is bigger, M&T Bank or Shinhan Financial Group?
Shinhan Financial Group (SHG) is larger, with a market capitalization of $36.31B compared with $31.28B for M&T Bank (MTB).
Which stock has performed better over the past year, MTB or SHG?
SHG returned +53.85% over the past 12 months, compared with +14.27% for MTB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MTB or SHG?
SHG has the lower trailing P/E at 10.3, versus 11.6 for MTB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, M&T Bank or Shinhan Financial Group?
Shinhan Financial Group has the higher yield at 3799.77%, compared with 2.77% for M&T Bank.
Are M&T Bank and Shinhan Financial Group in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.