MUFG Plans to Ride on Wave of Global Asset Management Consolidation, Shares Remain Undervalued
No-moat-rated Mitsubishi UFJ Financial Group, or MUFG, reported first-quarter results as expected with some temporary upswing from capital market gains and credit charge reversals. A larger-than-expected stock gain of JPY 24 billion and lower-than-expected credit expenses of JPY 20 billion led to net profit increasing 53% year on year to JPY 189 billion for three months ended June 2017. With earnings stabilization trends emerging across nearly all metrics, its returns on equity rebounded to 9%, ...Mitsubishi UFJ Financial Group is financial groups with total assets of Y297,185,019 million as of Mar. 31, 2017. Co. is the holding company for The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi UFJ Securities Holdings Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Mitsubishi UFJ NICOS Co., Ltd., and other companies. As a bank holding company, Co. is regulated under the Banking Law of Japan. Its services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and many more fields of financial services.
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