Previous close | 5.12 |
Open | 5.15 |
Bid | 5.15 x 500000 |
Ask | 5.21 x 500000 |
Day's range | 5.15 - 5.15 |
52-week range | 4.53 - 6.04 |
Volume | |
Avg. volume | 46 |
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 |
Increased gross profits, strong balance sheet and decreased credit costs support Mitsubishi UFJ's (MUFG) first-quarter fiscal 2023 results.
TOKYO (Reuters) -Mitsubishi UFJ Financial Group Inc reported a 70% plunge in first-quarter net profit, blaming one-off losses related to the sale of MUFG Union Bank and a drop in the value of its stake in ride-hailing firm Grab Holdings. The bank, Japan's largest lender by assets, booked an appraisal loss of 254 billion yen ($1.9 billion) on bonds and other assets held by MUFG Union Bank, an accounting treatment required ahead of the $8 billion sale of the U.S. retail banking unit to U.S. Bancorp later this year. The previously flagged loss would be partly offset when the sale is complete, and the overall impact on full-year net profit is expected to be around 200 billion yen, the bank said.
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