|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||13.38 - 13.38|
|52-week range||12.37 - 15.68|
|Beta (5Y monthly)||0.74|
|PE ratio (TTM)||6.03|
|Forward dividend & yield||0.72 (5.37%)|
|Ex-dividend date||30 Mar 2022|
|1y target est||N/A|
Mizuho Financial Group plans to acquire U.S. private equity placement agent Capstone Partners, a person familiar with the matter said, as the Japanese lender looks to beef up its investment banking business. Dallas, Texas-based Capstone helps private equity firms find limited partners to invest in their funds, helping raise capital for global private equity, credit, and infrastructure firms. Following the acquisition, Capstone will come under Mizuho's holding company in the United States, where it is expected to help build out the Japanese bank's investment banking business, the person said, declining to be identified because the information has not been made public.
Mizuho Financial Group will appoint senior executive officer Masahiro Kihara as its next chief executive who will be tasked with tackling long-running system failures, a person familiar with the matter said on Tuesday. The depth of those problems at Japan's No. 3 lender was underscored again on Tuesday when Mizuho's main banking arm reported yet another disruption. A separate source said Mizuho will announce the new chief on Monday, when it reports measures to prevent system failures to the banking regulators after they reprimanded the bank for "undermining the credibility of Japan's bank settlement system."
Shares of computer memory-maker Micron Technology (NASDAQ: MU) jumped out of the gate Tuesday, rising as much as 4.6% before turning tail and retreating to a 2.2% gain as of 11:25 a.m. ET. You can thank investment bank Mizuho for the reprieve. Citing improving demand for memory in personal computers, in servers, and in smartphones as well, Mizuho announced today that it is upgrading shares of Micron stock (and Western Digital (NASDAQ: WDC) stock as well) to buy.