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Daiwa Securities Group Inc. (DSECF)
| Previous close | 6.59 |
| Open | 6.59 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 6.59 - 6.59 |
| 52-week range | 4.51 - 6.59 |
| Volume | |
| Avg. volume | 688 |
| Market cap | 10.173B |
| Beta (5Y monthly) | 0.62 |
| PE ratio (TTM) | 14.98 |
| EPS (TTM) | 0.44 |
| Earnings date | N/A |
| Forward dividend & yield | 0.26 (3.90%) |
| Ex-dividend date | 28 Sept 2023 |
| 1y target est | N/A |
ReutersBOJ to scrap negative interest rates in April, say over 80% of economists : Reuters poll
The Bank of Japan will pull the plug on its eight-year negative interest rate policy in April, according to more than 80% of economists polled by Reuters, marking a long-awaited major shift from a global outlier central bank. Nearly the same proportion of economists, 76%, also expect the BOJ to scrap yield curve control at that meeting, with almost all saying ultra-loose monetary conditions will end then, just months before many major central banks are expected to start cutting rates. The BOJ is on track to end negative interest rates in coming months despite Japan's economy slipping into a recession, sources have previously told Reuters.
- Reuters
Japan's Daiwa to step up hunt for bankers, capitalising on M&A slump
Daiwa Securities Group plans to go on an offensive to hire M&A bankers as a global dealmaking lull allows the major Japanese investment bank to tap top-notch talent, its CEO said. "Now is our chance, as the M&A (merger and acquisition) market remains battered and many talented bankers have been up for a hunt," Seiji Nakata, CEO of Japan's second-largest brokerage and investment bank, told Reuters in an interview. Daiwa has set a target of increasing M&A revenue by 50% to at least 70 billion yen ($489.85 million) and the number of M&A bankers to 900 over the next eight years from nearly 700 now.
- Investing.com
Eli Lilly cut to Outperform at Daiwa Securities: 4 big analyst cuts
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Eli Lilly, Simon Property Group, Wendy's, and Chipotle Mexican Grill. Daiwa Securities downgraded Eli Lilly (NYSE:LLY) to Outperform from Buy with a price target of $610.00, as reported in real-time on InvestingPro. This price target implies a nearly 7% upside from the closing price on Wednesday. Earlier this week, Eli Lilly announced the extension of its tender offer for acquiring all outstanding shares of POINT Biopharma Global (NASDAQ:PNT) at $12.50 per share in cash.
