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Stock impact report

Japan's largest lender MUFG posts 24% rise in Q1 net profit [Reuters (UK)]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Reuters
Japan's largest lender MUFG posts 24% rise in Q1 net profit - Reuters 1 Min Read TOKYO, July 31 (Reuters) - Mitsubishi UFJ Financial Group Inc (MUFG) on Wednesday said its net profit rose 24.1% in the first quarter ended June, primarily helped by gains from the sale of foreign bonds. Japan’s largest lender by assets reported profit of 391 billion yen ($3.60 billion) for the three-month period, versus 315 billion yen a year earlier. For the full year ending March, the bank retained its profit forecast of 900 billion yen, down 3% on year. That compared with the 920.8 billion yen average of 11 analyst estimates compiled by Refinitiv. ($1 = 108.5300 yen) (Reporting by Takashi Umekawa; Editing by Christopher Cushing) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Show less Read more
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