NMR - Nomura: Wealth Management Business And Overseas Markets Are Key Growth Engines
2024-07-03 16:12:56 ET
Summary
- 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 key growth driver for Nomura Holdings, Inc.
Elevator Pitch
I have a Buy rating assigned to Nomura Holdings, Inc. ( NMR ) [8604:JP] stock. The focus of my prior April 21, 2024 article was NMR's fiscal 2024 (YE March 31) financial results preview and the company's expansion plans for the Americas market....
Nomura: Wealth Management Business And Overseas Markets Are Key Growth Engines