We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Moody's Affirms Nomura (NMR) Ratings, Outlook Up to Stable
Read MoreHide Full Article
Moody's Japan K.K., a subsidiary of Moody's Corporation (MCO - Free Report) , has affirmed all the ratings of Nomura Holdings, Inc (NMR - Free Report) and its subsidiaries. The Japanese bank’s long-term senior unsecured debt rating has been affirmed at Baa1.
At the same time, A3 ratings of Nomura Securities Co., Ltd. and the Baa1 rating of Nomura America Finance, LLC have been maintained.
However, the rating firm’s outlook for the bank has been upgraded to “stable” from “negative”.
Per Moody’s, improvements in Nomura’s domestic retail and wholesale segments, along with reduction in risks in global business post restructuring efforts over the past two years, will reduce the heightened volatility in revenues. Therefore, the rating firm has affirmed the ratings and upgraded the outlook.
Nevertheless, there are lesser chances of an upgrade in the next 12-18 months as challenges persist for the bank in improving the profitability of its domestic retail segment, along with tough competition in overseas markets.
However, Nomura might face a downgrade in ratings by Moody's on failure to maintain the profitability in terms of return on assets. Also, rise in higher-risk assets, elevated leverage, stiff liquidity buffer and higher reliance on shorter-term funding could be possible reasons of downgrade.
The company’s shares have rallied 16% on the NYSE over the past three months. This is way above other big banks, such as Mitsubishi UFJ Financial Group, Inc. (MUFG - Free Report) and Deutsche Bank AG (DB - Free Report) . It also compares favorably with the industry’s decline of 3.5% during the same time frame.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Moody's Affirms Nomura (NMR) Ratings, Outlook Up to Stable
Moody's Japan K.K., a subsidiary of Moody's Corporation (MCO - Free Report) , has affirmed all the ratings of Nomura Holdings, Inc (NMR - Free Report) and its subsidiaries. The Japanese bank’s long-term senior unsecured debt rating has been affirmed at Baa1.
At the same time, A3 ratings of Nomura Securities Co., Ltd. and the Baa1 rating of Nomura America Finance, LLC have been maintained.
However, the rating firm’s outlook for the bank has been upgraded to “stable” from “negative”.
Per Moody’s, improvements in Nomura’s domestic retail and wholesale segments, along with reduction in risks in global business post restructuring efforts over the past two years, will reduce the heightened volatility in revenues. Therefore, the rating firm has affirmed the ratings and upgraded the outlook.
Nevertheless, there are lesser chances of an upgrade in the next 12-18 months as challenges persist for the bank in improving the profitability of its domestic retail segment, along with tough competition in overseas markets.
However, Nomura might face a downgrade in ratings by Moody's on failure to maintain the profitability in terms of return on assets. Also, rise in higher-risk assets, elevated leverage, stiff liquidity buffer and higher reliance on shorter-term funding could be possible reasons of downgrade.
Currently, the company carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The company’s shares have rallied 16% on the NYSE over the past three months. This is way above other big banks, such as Mitsubishi UFJ Financial Group, Inc. (MUFG - Free Report) and Deutsche Bank AG (DB - Free Report) . It also compares favorably with the industry’s decline of 3.5% during the same time frame.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>