Morningstar - Mitsubishi Tokyo Financial Group ADS (MTU.N) In Tough Japanese Banking Market, SMFG Looks Like the Best Bet for Future Returns

Report

Morningstar

Michael Makdad

EUR 100.00 For Business Accounts Only

In Tough Japanese Banking Market, SMFG Looks Like the Best Bet for Future Returns

We are transferring coverage of Japan's six largest banking groups, all of which we rate as having no moat and a stable moat trend. This includes the threeÂ so-called "megabanks" that together account for 25% of banking-system loans and 29% of deposits: Mitsubishi UFJ Financial Group, or MUFG (8306 JP), Sumitomo Mitsui Financial Group, or SMFG (8316 JP), and Mizuho Financial Group (8411 JP). It also includes three second-tier banks: Sumitomo Mitsui Trust (8309 JP), Resona (8308 JP), and Japan Pos...

18/10/2018 14 EN

Underlying

Mitsubishi Tokyo Financial Group ADS

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US6068221042 Mexican Stock Exchange Japan

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Michael Makdad

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In Tough Japanese Banking Market, SMFG Looks Like the Best Bet for Future Returns

Vermilion Compass: Weekly Equity Strategy

Morningstar | 2019 DFAST Results Better Than Last Year, and We Expect No Capital Return Surprises Next Week

2019 DFAST Results Better Than Last Year, and We Expect No Capital Return Surprises Next Week

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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