MUFG Posts 3Q Results in Line; Focus Forward on Improving Low Asset Efficiency
Mitsubishi UFJ Financial Group, or MUFG, posted third-quarter results largely in line with our estimates. For the nine months ended December 2017, the bank maintained its overall business trend with more conservative balance sheet management than its peers. Net profit increased 9.7% to JPY 863 billion, already reaching 91% and 87% of the company’s guidance and our forecast, respectively. Management stated that it will maintain its full-year earnings forecast, citing larger charges that are expec...
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