BofA reinstated coverage of Nomura (NMR) with a Neutral rating and 870 yen price target Profits have historically been very volatile, and with the wholesale business generating about twice the top-line revenues of the wealth management business, the volatility of global markets within wholesale makes the company’s profits more volatile, the analyst tells investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio