Resona Holdings (8308) Earnings: 2Q Net Income Rises 23% Y/Y but Falls Short of Estimates

Resona Holdings on Smartkarma

Resona Holdings is garnering positive analyst coverage on Smartkarma, an independent investment research network. Victor Galliano, in a report titled “Japanese Big Cap Banks – Stick with Our Key Positive Picks,” highlights the benefits of the steepening JGB yield curve for Japanese banks. The focus remains on gearing towards higher rates and equity cross-holdings, with Resona being one of the recommended buys alongside Mizuho, Shizuoka, and Kyoto. The report underscores the widening interest rate spreads and the positive implications for Japanese banks.

In another report by Victor Galliano, “Japanese Big Cap Banks – Key Fundamental Tailwinds Drive Our Positive Picks,” the increasing market interest rates and the tapering of JGB buying by the Bank of Japan are emphasized. The continued steepening of the JGB yield curve bodes well for Japanese banks, as highlighted by the rising market lending rates. Resona, Mizuho, Shizuoka, and Kyoto are reiterated as buy recommendations, supported by a proprietary scorecard focusing on gearing to higher interest rates and cross-holdings. Analyst sentiment remains bullish on the outlook for Resona Holdings among other key players in the Japanese banking sector.

A look at Resona Holdings Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Resona Holdings, Inc. shows a promising long-term outlook based on the Smartkarma Smart Scores. The company received strong scores in key areas, with a solid 4 for Value, Growth, and Momentum, indicating positive prospects for profitability and market performance. Additionally, Resona Holdings received a top score of 5 for Resilience, highlighting its ability to withstand economic challenges and maintain stability. However, the company scored a 2 in the Dividend category, suggesting potential room for improvement in terms of dividend payments to investors. Overall, Resona Holdings, a financial services provider with a focus on banking, trust operations, and credit card services, presents a robust position for continued growth and resilience in the market.

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