- Resona’s third-quarter net income was 54.94 billion yen, a significant increase of 74% year-over-year.
- The actual net income surpassed the estimate of 28.04 billion yen.
- The company maintains its full-year net income forecast at 175.00 billion yen, slightly below the market estimate of 180.1 billion yen.
- Resona projects a dividend of 23.00 yen per share, in line with expectations, which stood at 23.36 yen.
- Among analysts, there are 4 buy recommendations, 8 hold recommendations, and no sell recommendations for Resona’s stock.
- The comparisons to past results are based on the company’s original disclosures.
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Resona Holdings on Smartkarma
Analyst coverage of Resona Holdings on Smartkarma by Victor Galliano highlights the positive outlook for Japanese big cap banks amidst potential interest rate hikes. Recommended buys include Resona, Mizuho, Concordia, and Shizuoka for their leverage to higher rates and attractive valuations. With the Bank of Japan hinting at future rate increases and expectations of rising market rates, Resona and Mizuho stand out for their gearing to higher interest rates and strategic holdings relative to market capitalization.
Victor Galliano‘s research emphasizes the resilience of Resona and Mizuho in the face of market turmoil and the potential for higher interest rates. Despite the pause in rate rises by the BoJ, these banks are noted for their strong gearing to higher rates and high BoJ deposits. The analyst’s bullish sentiment towards Resona Holdings and its counterparts underscores the opportunities presented by shifting monetary policies and market conditions in the Japanese banking sector.
A look at Resona Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
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., a financial services holding company, has been assigned Smart Scores indicating a positive outlook across various factors. With above-average scores in Value, Growth, Resilience, and Momentum, the company seems well-positioned for long-term success. Its strong resilience score suggests that it can weather economic downturns, while the high momentum score indicates a positive trend in its stock performance.
Operating primarily in banking, trust operations, and credit card services, Resona Holdings also provides consulting services for personal loans, asset management, and asset succession. Given its robust overall Smart Scores, investors may find Resona Holdings to be a promising investment option for the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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