In a report released today, Natsumu Tsujino from Bank of America Securities reiterated a Hold rating on Nomura Holdings, with a price target of Yen1,130.00.
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Natsumu Tsujino has given his Hold rating due to a combination of factors impacting Nomura Holdings. The company’s adjusted net profit is expected to decline in the second quarter compared to the first, primarily due to the absence of significant gains from real estate and private equity investments that were present in the previous quarter. Despite this, the adjusted pretax profit is anticipated to remain relatively flat, indicating stability in the company’s core operations.
Natsumu Tsujino also notes that while there is a slight expected increase in wealth management revenue, the wholesale revenue is projected to decline, with mixed results across different segments. Additionally, the price objective for Nomura Holdings has been raised slightly, reflecting an adjustment in the normalized return on equity estimate. The decision to maintain a Hold rating suggests a cautious outlook, balancing the potential for stable dividends against the backdrop of fluctuating earnings and market conditions.
According to TipRanks, Tsujino is ranked #5248 out of 9983 analysts.