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Suruga Bank ( (JP:8358) ) just unveiled an announcement.
Suruga Bank has announced a strategic decision to record losses due to the sale of securities, particularly focusing on multi-asset funds, to enhance the quality of its securities portfolio. The bank aims to build a more stable earnings structure by concentrating on yen-denominated bonds, reflecting recent financial market trends. The full impact on the fiscal year ending March 31, 2025, is under examination, and further disclosures will be made as necessary.
More about Suruga Bank
Suruga Bank, Ltd. operates in the financial industry, primarily focusing on banking services. It is listed on the Prime Market of the Tokyo Stock Exchange and is led by President Kosuke Kato.
YTD Price Performance: 31.27%
Technical Sentiment Signal: Sell
Current Market Cap: $1.79B
Learn more about 8358 stock on TipRanks’ Stock Analysis page.