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The Bank of Iwate, Ltd is currently in a long term downtrend where the price is trading 21.3% below its 200 day moving average.
From a valuation standpoint, the stock is 55.1% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 1.1.
The Bank of Iwate, Ltd's total revenue rose by 6.6% to $11B since the same quarter in the previous year.
Its net income has increased by 118.7% to $2B since the same quarter in the previous year.
Based on the above factors, The Bank of Iwate, Ltd gets an overall score of 3/5.
| ISIN | JP3152400002 |
|---|---|
| Sector | Financial Services |
| Industry | Banks - Regional |
| Exchange | TSE |
| CurrencyCode | JPY |
| Market Cap | 50B |
|---|---|
| PE Ratio | 10.3 |
| Target Price | None |
| Beta | -0.03 |
| Dividend Yield | 4.8% |
The Bank of Iwate, Ltd. engages in the provision of various financial products and services in Japan. It operates through three segments: Commercial Banking Business; Leasing Business; and Credit Card and Credit Guarantee Business. The Commercial Banking Business segment provides current and time deposits, as well as negotiable certificates of deposit; personal and SME loans; and securities investment and foreign exchange services. The Leasing Business segment consists of financial leasing, and computer processing contract business. The Credit Card and Credit Guarantee Business segment comprises credit card and guarantee business. It also trades in securities, as well as offers investment fund management, consulting, and regional economic survey services. The company was formerly known as Iwate Shokusan Bank and changed its name to The Bank of Iwate, Ltd. in 1960. The Bank of Iwate, Ltd. was incorporated in 1932 and is headquartered in Morioka, Japan.
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