This might be the reason:
Goldman Sachs upgraded Mizuho Financial Group Inc. (NYSE: MFG) from Neutral to Buy.
"Mizuho’s capital adequacy ratio, which was a concern, has recovered in line with the stock market rally, and we view positively moves to reduce strategic shareholdings," said analyst Katsunori Tanaka.
you have any favorites besides MFG? I've been in this name awhile and think the only thing holding it down is the sub $5 stock price despite the huge mkt cap.
If we can get through that number I think everything will be OK.