Previous close | 18.68 |
Open | 18.56 |
Bid | 18.32 x 0 |
Ask | 18.59 x 0 |
Day's range | 18.56 - 18.56 |
52-week range | 13.69 - 19.40 |
Volume | |
Avg. volume | 27 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Mizuho Financial Group reported a big jump in fourth-quarter profit on Wednesday that beat expectations, helped by its overseas business and demand for loans at home, and it forecast higher profit in the current financial year. For the January-March fourth quarter, Mizuho reported a group net profit of 36.7 billion yen ($235 million), compared with 12.3 billion yen in the same period a year earlier. The results also compared to expectations for a 30.8 billion yen quarterly profit, based on the average full-year estimate by 11 analysts polled by LSEG.
Japan's three biggest banks forecast record income in the coming year on Wednesday, signalling increased optimism about an economy that has only just exited from years of negative interest rates. The results from Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group also show how Japanese banks are benefiting from higher interest rates in overseas markets, such as the United States, as well as a weaker yen, which inflates profits when earnings from abroad are brought home.
In this article, we discuss the 11 best diversified bank stocks to invest in. If you want to skip our detailed analysis of these stocks, go directly to 5 Best Diversified Bank Stocks to Invest In. The coming months could prove to be challenging for banking stocks as the central bank in the United States […]