Goldman Sachs keeps JPY 2,800 target for Resona stock

Published on 10/17/2026 at 20:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2027 first-quarter net income reached JPY 80.53 billion. Resona stock closed at JPY 2,341.50 on October 16, 2026, up 2.88 percent on TSE.

Analyst target and earnings date

Goldman Sachs listed a JPY 2,800 target on September 10, 2026, unchanged from JPY 2,130.
Resona reported JPY 80.53 billion in net income for the first quarter of fiscal 2027.
Resona stock closed at JPY 2,341.50 on October 16, 2026, 2.88 percent above the TSE prior close.
Resona is scheduled to announce first-half fiscal 2027 results on November 10, 2026.

Resona, JP3500610005, Illustration mit AI erstellt.

Goldman Sachs kept a JPY 2,800 target for Resona Holdings in a September 10, 2026 analyst table, unchanged from JPY 2,130, according to Investing.com. The target was 19.58 percent above Resona's JPY 2,341.50 closing price on October 16, 2026.

First-quarter earnings add substance

Resona reported JPY 80.53 billion in net income for the first quarter of fiscal 2027. The same period produced revenue of JPY 359.98 billion and earnings per share of JPY 35.79, compared with an earnings-per-share forecast of JPY 35.62, according to Investing.com. The figures give the analyst target a current operating reference without turning it into a prediction.

Range leaves room below the high

Resona's October 16 closing price stood 10.58 percent below its JPY 2,618.50 52-week high and 64.02 percent above its JPY 1,427.50 low. Trading volume was 9,029,900 shares, against an average volume of 10,156,176 shares for the quoted period. The stock gained 2.88 percent on the Tokyo Stock Exchange during the session.

Resona's investor-relations page identifies the listing as the TSE Prime Market under code 8308 and describes the next first-half fiscal 2027 results announcement as scheduled for early November, according to Resona Holdings. A separate calendar listing gives November 10, 2026 as the earnings date, according to Yahoo Finance.

Valuation and next date

Resona traded at a trailing P/E ratio of 19.72 and carried a dividend yield of 0.01 percent on October 16, 2026. Its market capitalization was JPY 5.3 trillion. The November 10 reporting date gives investors the next scheduled point at which earnings, capital allocation and the analyst target can be compared.

Comparison with peers

Resona (Tokyo Stock Exchange, JPY): 2.88 percent, P/E 19.72, market capitalization JPY 5.3 trillion
Mitsubishi UFJ Financial Group (Tokyo Stock Exchange, JPY): 1.82 percent, P/E 14.69, market capitalization JPY 39.1 trillion
Sumitomo Mitsui Financial Group (Tokyo Stock Exchange, JPY): 1.68 percent, P/E 14.68, market capitalization JPY 24.7 trillion

Closing price and company context

Resona's 52-week position leaves the stock below its high while its first-quarter earnings provide a dated operating benchmark for the JPY 2,800 Goldman Sachs target. The stock closed at JPY 2,341.50 on the Tokyo Stock Exchange on October 16, 2026, up 2.88 percent on the day.