bullish
Japan 2024 H1 Bank Guidance/Results - Better and Better
384 Views08 Nov 2024 12:51
H1 Japan Bank earnings guidance has seen lots of upward revision. So far among 35 banks revising guidance or reporting H1, average uplift vs previous guidance is +59%. Median is +39%. Stay long.
What is covered in the Full Insight:
- Introduction
- Bank Guidance Trends
- Performance Analysis
- Investment Recommendations
- Conclusion
Boomeranged on Tue, 12 Nov 2024 07:50
This AM has a Nikkei headline saying Japan's 3 megabanks will report ¥2.0trln in Net Profit in H1. That compares to ¥894bn last year, and ¥3.3trln guided this year. We don't yet know whether cross-holding sales proceeds are ahead of or behind plan. They report Thursday. Either way, that is ~¥350-400bn ahead of guidance, suggesting there may be more buybacks to be announced imminently.
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