The Sumitomo Mitsui Trust SBI Net Bank <7163> continues to rise. Jefferies Securities has started coverage on two online banks, giving this bank an investment rating of "buy" with a Target Price of 4,700 yen. It seems that the online bank can continue to maintain its advantage over traditional banks because it can reduce store costs. Furthermore, as a frontrunner in BaaS, it is evaluated more favorably than Rakuten Bank due to the potential for significant expansion of the service. It is also estimated that a 0.25% increase in interest rates would benefit its operating profit by 34%.