WRAPUP 1-Japan's MUFG weathers near-zero rates with 24% profit jump in Q1 [Reuters]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: Reuters
WRAPUP 1-Japan's MUFG weathers near-zero rates with 24% profit jump in Q1 - Reuters 4 Min Read (Adds details, Mizhuo results, context, background) * MUFG Q1 net profit 391 bln yen vs 315 bln yen year earlier * Avoided write-down on Indonesian Bank Danamon * Results point to weak outlook for domestic focus By Takashi Umekawa TOKYO, July 31 (Reuters) - Japan’s Mitsubishi UFJ Financial Group on Wednesday posted a 24% jump in first-quarter profit, as the sale of foreign bonds and other one-off gains helped it ride out weakness in its core banking business. MUFG and other major Japanese banks have been hurt by an ultra-low interest rate environment that is part of the Bank of Japan’s (BOJ) aggressive monetary easing. But MUFG, Japan’s biggest bank, has fared better than some of its domestic rivals. Rival Mizuho Financial Group on Wednesday eked out a less than 1% rise in first-quarter profit, as overseas lending helped offset tepid results at home. For scores of smaller, more domestic-focu
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MUFG
News
- MUFG and DWS Group Launch Private Financing Strategic Venture for Project and Infrastructure Asset InvestmentsPR Newswire
- MUFG Announces Executive Leadership Changes Within its Securities Business [Yahoo! Finance]Yahoo! Finance
- BOJ Weighs Case for First Triple Hike Since Japan's Bubble Burst [Yahoo! Finance]Yahoo! Finance
- Mitsubishi UFJ Plans WealthNavi Buyout to Expand FinTech Capabilities [Yahoo! Finance]Yahoo! Finance
- Nomura's Japan Corporate Bond Market Rank Slips After Probe [Yahoo! Finance Canada]Yahoo! Finance Canada
MUFG
Earnings
- 8/2/24 - Beat
MUFG
Sec Filings
- 12/2/24 - Form 6-K
- 12/2/24 - Form 6-K
- 11/29/24 - Form 6-K
- MUFG's page on the SEC website