Investors interested in Financial - Investment Bank stocks are likely familiar with Nomura Holdings (NMR) and Robinhood Markets, Inc. (HOOD). But which of these two stocks is more attractive to value investors?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Nomura trades at a notable discount (11x PE) versus global peers, despite solid performances and temporarily depressed income. Temporary acquisition-related costs from the Macquarie deal will pressure profits through the next year, but underlying asset management inflows and alternative AUM growth remain robust. Wholesale and IB segments benefit from Japanese market dynamics, including PBR-related reform from the TSE for the Japan-facing IB businesses.
India has warned that its growth forecast of up to 7.4% for the financial year ending March 2027 faces "considerable downside" risk due to the Iran war. The country's chief economic advisor has said that India's "trade deficit will rise significantly," leading to a "widening [of] the current account deficit.
India was the world's busiest IPO market in 2025, but several companies have paused plans to list this year. Global brokerages Nomura and Citi have cut their 2026 target for the Nifty 50 as the Iran war is expected to slow India's economic growth and hurt corporate earnings.
The Iran conflict has sparked tumult in global equity markets, with major indexes in some markets, including South Korea, falling into correction territory.
Equities are likely to grind sideways but a full-on rout will probably not happen, disappointing those who have been betting on one, Charlie McElligott said.
Nomura North Asia CIO Julia Wang says the Chinese yuan is likely to see only gradual near-term appreciation. She also says greater flexibility is more important than currency strength for any attempts to internationalize the RMB, and that the key thing to watch for at the upcoming Two Sessions is China's fiscal policy plans.
For 4Q2025, Nomura Value Fund institutional Class shares modestly trailed its benchmark, the Russell 1000® Value Index. In October, we sold our position in Kenvue Inc. (KVUE), a consumer health company with globally recognizable brands such as Band-Aid, Listerine, Neutrogena, Tylenol, and Johnson's baby products. Approximately two-thirds of Zoetis's revenue is generated by products for companion animals while the remainder comes from products for livestock.
For 4Q25, Nomura Small Cap Value Fund Institutional class shares slightly lagged the return of its benchmark, the Russell 2000 Value Index. Stock selection and an underweight allocation to the healthcare sector were the most notable detractors from the Fund's performance for the quarter. Shares of Herc outperformed during the quarter when the company reported earnings that were better than analysts' expectations.
For 4Q25, Nomura Science and Technology Fund Institutional Class shares had a positive absolute return, but it underperformed S&P North American Technology Sector Index. During the quarter, the underweight to software and services along with an overweight to hardware, semiconductor, and semi cap equipment contributed most. On an individual stock basis, holdings in Seagate Technology, Micron Technology, and an underweight to Oracle were the strongest relative performers.
Investors interested in Financial - Investment Bank stocks are likely familiar with Nomura Holdings (NMR) and MarketAxess (MKTX). But which of these two stocks presents investors with the better value opportunity right now?