Rakuten Bank (5838 JP) is like a benefits subscription company with a balance sheet and a financial regulator. Now they upped benefits. That should cause more buyers. Then there are index upweights.
Boomeranged on Mon, 25 Mar 2024 01:11
Rakuten Bank reached new highs on Friday. This is a reminder that they announced something to goose the price into fiscal year-end. Worth keeping in mind as people start to organise their thoughts for next fiscal year bank earnings now that rates are slightly positive.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.