tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Resona Holdings Reports Strong Financial Performance and Strategic Expansion

Story Highlights
  • Resona Holdings saw a notable rise in operating profit due to strategic financial management.
  • The company strengthened its digital capabilities by acquiring more shares in Digital Garage.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Resona Holdings Reports Strong Financial Performance and Strategic Expansion

Meet Your ETF AI Analyst

The latest update is out from Resona Holdings ( (JP:8308) ).

Resona Holdings reported a significant increase in gross operating profit for the first half of fiscal year 2025, driven by policy rate hikes, proactive balance sheet management, and cost control efforts. The acquisition of additional stock in Digital Garage highlights Resona’s strategic move to enhance its digital infrastructure capabilities, aiming to assist corporate clients with digital challenges and expand its platform business.

The most recent analyst rating on (JP:8308) stock is a Hold with a Yen1520.00 price target. To see the full list of analyst forecasts on Resona Holdings stock, see the JP:8308 Stock Forecast page.

More about Resona Holdings

Resona Holdings operates in the financial services industry, focusing on banking and investment services. The company is involved in managing investment trusts, bonds, and stocks, and has recently expanded its market focus by incorporating Digital Garage, a major payment platform in Japan, as an equity method affiliate.

Average Trading Volume: 8,404,993

Technical Sentiment Signal: Buy

Current Market Cap: Yen3470.8B

For a thorough assessment of 8308 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1