|Bid||5.15 x 500000|
|Ask||5.21 x 500000|
|Day's range||5.15 - 5.15|
|52-week range||4.53 - 6.04|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (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.
(Bloomberg) -- Mitsubishi UFJ Financial Group Inc. plans to expand a team of bankers serving rich clients as Japan’s largest lender seeks to draw more of its bank customers to higher-value services, according to a senior executive.Most Read from BloombergSergey Brin Ordered Sale of Musk Investments After Affair: WSJWho Is Nicole Shanahan, Woman at Center of Musk-Brin Drama?VW Billionaire Clan Plotted CEO Ouster as He Was on US TripFed to Inflict More Pain on Economy as It Readies Big Rate HikeCh