Resona Holdings (8308) Earnings: FY Net Income Forecast Surpasses Estimates at 240 Billion Yen

Resona Holdings on Smartkarma

Analyst coverage on Resona Holdings by Victor Galliano on Smartkarma reveals a positive sentiment towards the company. In a recent report titled “Resona Holdings (8308 JP) – Positive 3QFY24 Results,” it was highlighted that Resona’s strong financial results in the third quarter of FY24 indicate good earnings per share growth expected from higher interest rates. The company is effectively managing costs, improving non-performing loan ratios, and divesting equity holdings to enhance capital. With a high equity holdings value to market cap ratio compared to other Japanese banks, Resona seems well-positioned for future growth.

Furthermore, Victor Galliano‘s research on Japanese big cap banks underscores the importance of strategic equity holdings and leverage to rising interest rates. The recommendations to buy Resona, Mizuho, Concordia, and Shizuoka are backed by their ability to benefit from potential rate hikes and attractive valuations. Resona Holdings stands out as a top pick, exhibiting characteristics that position it favorably in the current economic landscape, as outlined in the insightful reports published on Smartkarma.

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., a financial holding company, shows a promising long-term outlook based on the Smartkarma Smart Scores. With strong scores in Value, Growth, Resilience, and a top score in Resilience, the company appears well-positioned to weather market fluctuations and challenges. The company’s focus on banking, trust operations, credit card services, and consulting services related to personal loans and asset management underscores its diversified business operations, contributing to its overall positive outlook.

Investors eyeing Resona Holdings can take confidence in the company’s solid performance across key factors. While the Dividend and Momentum scores are slightly lower, the company’s strengths in value, growth, and resilience suggest a stable foundation for long-term growth and sustainability. As a leading player in the financial services sector, Resona Holdings continues to demonstrate its commitment to providing essential services and maintaining a robust market position.

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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma