Woori Financial Upgraded to Buy as Normalized Profit Surges 49%

Key Facts

1Woori Financial's rating was upgraded from Hold to Buy following a review of Q1 2026 results.

2Excluding one-offs, normalized net profit rose 49% YoY and beat consensus by 15%.

Woori Financial Group has been upgraded from Hold to Buy following a detailed review of its Q1 2026 financial results. Although headline earnings missed consensus estimates, the underlying performance revealed a robust 49% year-on-year surge in normalized net profit when excluding one-off items. This adjusted figure beat market expectations by a significant 15%, prompting analysts to re-evaluate the stock's potential. The upgrade is further supported by anticipated improvements in capital returns and the group's strategic push toward non-banking diversification. Investors are now focusing on these strong fundamental drivers rather than the initial headline miss. This rating shift signals growing confidence in the South Korean financial giant's long-term profitability and operational resilience.