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Aozora Bank ( (JP:8304) ) just unveiled an update.
Aozora Bank reported a significant increase in net interest income due to the normalization of yen interest rates and domestic lending growth. The bank’s strategic alliance with Daiwa Securities Group is progressing, and the company has repositioned its balance sheet by reducing exposure to risky U.S. office loans. Aozora achieved a V-shaped recovery with earnings exceeding forecasts, and the full-year dividend per common share increased, reflecting strong financial performance.
The most recent analyst rating on (JP:8304) stock is a Sell with a Yen2500.00 price target. To see the full list of analyst forecasts on Aozora Bank stock, see the JP:8304 Stock Forecast page.
More about Aozora Bank
Aozora Bank operates in the financial services industry, offering a range of banking products including net interest income and non-interest income services such as LBO financing. The bank is focused on domestic lending and has a market focus on corporate governance reformations and M&A needs. Additionally, GMO Aozora Net Bank, a subsidiary, has achieved profitability.
Average Trading Volume: 1,189,024
Technical Sentiment Signal: Sell
Current Market Cap: Yen271.5B
For an in-depth examination of 8304 stock, go to TipRanks’ Stock Analysis page.
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