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Stock impact report

Japan's Biggest Banks Raise Profit Forecasts, Unveil Buybacks [Yahoo! Finance]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Yahoo! Finance
first-half results were boosted by lending income and gains from sales of shareholdings. Most Read from Bloomberg Under Trump, Prepare for New US Transportation Priorities Zimbabwe City of 700,000 at Risk of Running Dry by Year-End Saudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency Sace The Urban-Rural Divide Over Highway Expansion and Emissions Arizona Elections Signal Robust Immigration Enforcement Under Trump Mitsubishi UFJ Financial Group Inc. now expects net income to reach ¥1.75 trillion ($11 billion) in the year ending March 31, up from its previous forecast of ¥1.5 trillion. First-half profit jumped 36% to ¥1.3 trillion, Japan's biggest banking group said Thursday. Mizuho Financial Group Inc., the nation's third-largest lender, raised its profit forecast to ¥820 billion from ¥750 billion. Net income rose 36% in the first half to ¥566.1 billion, it said. MUFG and Mizuho kick off a bumper earnings season for the nation's lenders, which ar Show less Read more
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