Rakuten Bank Denies Making Any Decision on Reported Mizuho Investment

Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Rakuten Bank, Ltd. ( (JP:5838) ) just unveiled an update. Rakuten Bank has issued a clarification following a newspaper report that Mizuho Financial Group plans to invest in the online lender. The bank stated that this information did not originate from the company and should not be treated as an official announcement. Rakuten Bank reiterated that, as previously indicated, it is examining a potential reorganization of Rakuten Group’s FinTech business, including its own operations. However, it emphasized that no decisions have been made yet and pledged to disclose any material developments in a timely and appropriate manner once resolutions are reached. The most recent analyst rating on (JP:5838) stock is a Hold with a Yen7680.00 price target. To see the full list of analyst forecasts on Rakuten Bank, Ltd. stock, see the JP:5838 Stock Forecast page. More about Rakuten Bank, Ltd. Rakuten Bank, Ltd. is a Japanese online bank listed on the Tokyo Stock Exchange Prime Market, operating within Rakuten Group’s broader FinTech ecosystem. It offers digital banking and related financial services, leveraging Rakuten’s platform to serve retail and corporate customers in Japan’s competitive internet banking market. Average Trading Volume: 2,080,501 Technical Sentiment Signal: Sell Current Market Cap: Yen1047B For a thorough assessment of 5838 stock, go to TipRanks’ Stock Analysis page.