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
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
- Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing [Yahoo! Finance]Yahoo! Finance
- Tillman Networks Secures $80 Million in Revolving Credit Facilities to Support Turnkey Deployment for Wireless Carriers [Yahoo! Finance]Yahoo! Finance
- JGB yields sink on reports of escalation in Middle East [Yahoo! Finance]Yahoo! Finance
- Origis Energy and MUFG Close $136 Million Project Financing for Florida Municipal Solar Project [Yahoo! Finance]Yahoo! Finance
- Bain proposes IPO of Japan's Kioxia to clear way for $5.8 bln loan refinance, source says [Reuters]Reuters
MUFG
Sec Filings
- 4/17/24 - Form 6-K
- 4/9/24 - Form 424B2
- 4/9/24 - Form FWP
- MUFG's page on the SEC website