Bank of America (BofA) analysts have identified several Japanese stocks as top picks following their strong Q3 earnings, citing earnings reliability, growth potential, and investor confidence as key selection criteria.
\ud83d\udd39 Recurring profit growth ≥ 10%
\ud83d\udd39 Guidance progress rates ≥ 80%
\ud83d\udd39 No fiscal year corporate downgrades
\ud83d\udd39 High earnings visibility
\u2705 Recurring profit +56.2% (above market expectations)
\u2705 Strong product lineup & cost-efficiency measures
\u2705 Gaming & entertainment revenue boost (+20.8% earnings beat)
\u2705 Diversified revenue streams ensure stability
\u2714 Sumitomo Mitsui (NYSE: SMFG | TYO: 8316)
\u2714 Mizuho (NYSE: MFG | TYO: 8411)
\ud83d\udd39 Higher net interest margins & effective cost controls drove profit growth
\u2705 Recurring profit +149.6%
\u2705 Strong drug sales & global expansion strategy
\ud83d\udcc8 BofA remains bullish on Japanese equities, particularly in:
\u2714 IT services
\u2714 Gaming & entertainment
\u2714 Financials
\ud83d\udcc5 Earnings Calendar API – Monitor upcoming reports.
\ud83d\udcca Financial Growth API – Analyze stock growth trends.
With earnings strength & sector resilience, these Japanese stocks are set to outperform in 2024.
