The world has been primarily focused on the decisions made by the United States Federal Reserve (the Fed), particularly regarding interest rates and the state of the economy. Given that inflation has been tamed sufficiently, the Fed has decided to cut interest rates at the most aggressive pace in 16 years.
I maintain a Buy rating on Nomura Holdings due to its improving ROE and attractive 9% shareholder yield. The growth prospects for Nomura's wealth management business are favorable, which supports further ROE expansion. The earlier-than-expected completion of a ¥100 billion share buyback program enhanced NMR's shareholder returns.
Nomura Holdings, Inc. receives a Buy rating due to the company's strong growth potential in wealth management and overseas markets. Nomura Holdings' wealth management segment is expected to play a major role in allowing the company to achieve its fiscal 2031 earnings before tax target of JPY500 billion. Geographical expansion, particularly in the Americas, India, and the Middle East, will be a ...
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