Japan's largest bank MUFG forecasts annual net profit to hit record

Reuters2021-11-15

Mitsubishi UFJ Financial Group Inc (MUFG) on Monday forecast record annual net profit, thanks to the release of cash from pandemic-related provisions as well as a drop in other credit-related costs. ...

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darrenlsw
2021-11-15
darrenlsw
Good news
chaisiewling
2021-11-15
chaisiewling
like
- chaisiewling:
  like
Yongqi
2021-11-15
Yongqi
Ok

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record annual net profit, thanks to the","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MUFG":"三菱日联金融"},"translate_title":"日本最大的银行MUFG预测年度净利润将创历史新高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MUFG":0.9},"content_text":"Mitsubishi UFJ Financial Group Inc (MUFG) on Monday forecast record annual net profit, thanks to the release of cash from pandemic-related provisions as well as a drop in other credit-related costs.\nApril-September net profit for Japan's largest lender came in at 781.4 billion yen ($6.86 billion), up 95% from a year earlier.\nMUFG, which owns 24% of Wall Street bank Morgan Stanley, raised its profit forecast for the full year to 1.05 trillion yen from 850 billion yen.\nThe forecast, which compares with an average Refinitiv estimate of 982 billion yen from 11 analysts, exceeds the previous annual record of 1.0337 trillion yen in the year ended in March 2015.\nCorporate 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