Japan's MUFG third-quarter profit falls 6 percent on decline in gains from stock holdings [Reuters]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: Reuters
Japan's MUFG third-quarter profit falls 6 percent on decline in gains from stock holdings | Reuters 3 Min Read TOKYO (Reuters) - Mitsubishi UFJ Financial Group Inc (MUFG), Japan’s largest lender by assets, on Monday reported a 6.4 percent decline in net profit for the three months through December, after market volatility curbed gains in its stock holdings. Profit reached 221.4 billion yen ($2.02 billion) versus 236.5 billion yen in the same period a year earlier, showed Reuters’ calculations based on nine-month cumulative figures disclosed in a stock exchange filing. MUFG and its rivals continue to suffer from weak domestic lending as the central bank sticks to its prolonged monetary easing policy of keeping interest rates low to spur borrowing. Banks have boosted profit in recent years by selling shares originally held to cement business ties with corporate clients. The traditional practice of such cross-shareholding has been criticised for hampering corporate governance and exposin
Show less
Read more
Impact Snapshot
Event Time:
MUFG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MUFG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MUFG alerts
High impacting Mitsubishi UFJ Financial Group, Inc. news events
Weekly update
A roundup of the hottest topics
MUFG
News
- Mitsubishi UFJ (MUFG) Repurchases 44.9M Shares Under 400M Plan [Yahoo! Finance]Yahoo! Finance
- MUFG Investor Services U.S. Launches Professional Services Group [Yahoo! Finance]Yahoo! Finance
- London regtech GSS raises $47M to help banks screen for global sanctions [TechCrunch]TechCrunch
- The BoJ's receding uncertainty around policy could cause Japan stocks to catch up to U.S. stocks - Citi [Seeking Alpha]Seeking Alpha
- Top-Performing Japan Fund Favors Banks on More BOJ Rate Hikes [Yahoo! Finance]Yahoo! Finance
MUFG
Sec Filings
- 3/27/24 - Form 6-K
- 3/7/24 - Form 6-K
- 3/1/24 - Form 6-K
- MUFG's page on the SEC website