|Bid||3.46 x 3200|
|Ask||3.47 x 3100|
|Day's Range||3.42 - 3.50|
|52 Week Range||3.28 - 4.00|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||7.79|
|Forward Dividend & Yield||0.14 (3.97%)|
|1y Target Est||N/A|
DWS Group, Deutsche Bank's (DB) asset-management unit, collaborates with Dubai-based Neo Technologies by acquiring 15% equity stake in the latter to enhance its digital services.
Deutsche Bank AG said on Thursday it has hired Matthew Upton, an investment banker at Japan's Mizuho Financial Group, to focus on software deals. Just about every investment bank has been scrambling to hire bankers specializing in software companies to keep up with demand from clients across industries which are grappling with technological changes. Upton, a managing director based in San Francisco, will report to Mark Keene, Deutsche Bank's global co-head of technology, media and telecom investment banking, according to an internal memo that a spokeswoman confirmed.
Moody's Japan K.K. says that its outlook for Japan's banking system is stable, as it has been since 2012, reflecting the expectation that the banks will continue to have strong liquidity at home and sufficient capital, even though pressure on profitability will persist and asset risks are slowly increasing. "Support will come from a stable operating environment, and we forecast that Japan's GDP will continue to increase, by 1.1% in 2018 and 1.0% in 2019, while the unemployment rate will decline further," says Tetsuya Yamamoto, a Moody's Vice President and Senior Credit Officer. "Japan's continued accommodative monetary policy will help the economy sustain growth and, if the Bank of Japan (BOJ) tightens monetary policy, which we do not expect to occur during this outlook period, higher rates will help increase interest income for banks," says Yamamoto.
After a trip to Asia, Mizuho is dropping its bullish stance on Lam Research Corporation (NASDAQ: LRCX ) and Western Digital Corp (NASDAQ: WDC ), but remains positive on Micron Technology, Inc. (NASDAQ: ...
Realizing it was recruiting “exactly the same” types of people each year, Mizuho Financial Group Inc. now wants to hire more creative thinkers who can help it meet challenges such as the technological upheaval facing banks, said Shinya Uda, a human resources manager at Japan’s third-biggest lender. “I told my team to go out and find people who aren’t interested in finance,” Uda said in an interview. Global banks such as JPMorgan Chase & Co. are also seeking to diversify away from finance graduates to adapt their workforces to a rapidly changing business environment.
Despite Micron Technology, Inc. (NASDAQ: MU )’s strong fourth-quarter earnings and execution, the overhang from trade war costs remains an active threat to the market, according to sell-side analysts. ...
* Wider Philippine trade deficit in July sees peso weaken * Investors cautious on lack of trade developments * India's rupee strengthens but remains above 72 level (Adds text, updates prices) By Nikhil ...
The People's Bank of China announced that it was reintroducing a calculation method it called a "counter-cyclical factor" to keep the yuan's daily midpoint fixed to a relatively stable value.
Mizuho Financial Group Inc (8411.T) will shed its conservative approach to lending and take on greater risk at home and abroad, its new chief executive told Reuters, as Japan's second-largest bank by assets looks to reverse its falling profitability. Mizuho is the least profitable of Japan's three mega-banks. Unlike peers Mitsubishi UFJ Financial Group Inc and Sumitomo Mitsui Financial Group Inc , Mizuho has not splurged abroad in search of growth to offset stagnation at home where aggressive central bank policy eats into lending income.
When Tatsufumi Sakai was named chief executive and president of Mizuho Financial Group this year, many bankers and investors were surprised. The low-key book lover represented a sharp contrast with Yasuhiro Sato, his bold, charismatic predecessor, who was vocal about his ambitions for Japan's second-largest lender but presided over a sharp decline during the last three years. Sakai wasn't considered a favourite for the top job.
Mizuho Financial Group Inc. is becoming more aggressive in chasing riskier clients outside Japan as it seeks to reverse the recent decline in its full-year profit, according to Chief Executive Officer Tatsufumi Sakai. The Tokyo-based lender may have been a “little conservative” in adjusting its asset profile toward non-investment grade assets overseas and away from lower-margin clients, Sakai said in an interview this week. Like other Japanese banks, Mizuho has been chasing higher-yielding assets as it attempts to offset the effect on its lending business of razor-thin domestic interest rates.
Wei Liang Chang, a foreign-exchange strategist at Mizuho Bank, talks about economies, monetary policies and currencies of Thailand and Indonesia. He speaks with Haidi Lun on "Bloomberg Markets: Asia." ...
Japan's Nikkei rose on Friday on hopes that talks between China and the United States next week would ease trade tensions, but chip-related stocks fell after Applied Materials disappointed investors with ...
Audentes Therapeutics is developing the AT-132 program, a gene therapy designed for the treatment of X-Linked myotubular myopathy. Muscle biopsy data from three trial participants showed robust myotubularin protein expression at week 24 compared to the baseline, according to Mizuho.
A more muscular Indian economy and the likely fizzling out of the dollar rally next year may help the rupee shed the tag of Asia’s worst-performing currency, according to Mizuho Bank Ltd. The currency will strengthen around 7 percent to 64 per dollar by the end of June 2019 from current levels, aided by an improvement in government finances that have been hit by high oil prices, the lender forecast. “Incrementally, things are not likely to be as bad in 2019 as they are in 2018,” said Tirthankar Patnaik, chief strategist at Mizuho in Mumbai.
The bank, based in Tokyo, said it had earnings of 12 cents per share. Earnings, adjusted to account for extraordinary items, were 11 cents per share. The bank posted revenue of $8.78 billion in the period. ...
Mizuho Financial Group Inc.’s first-quarter profit rose, as gains from fee businesses and sales of its shareholdings helped the Japanese lender offset the effects of the central bank’s continuing monetary stimulus program. Net income climbed 36 percent to 161 billion yen ($1.4 billion) in the three months ending June 30 from a year earlier, the Tokyo-based bank said in a statement on Tuesday. Shares of Mizuho and its peers fell earlier after the Bank of Japan said it will keep interest rates very low for an “extended period of time” to achieve its inflation target.
Tyson Foods Inc.’s potential purchase of U.S. chicken-nugget maker Keystone Foods LLC may spur "significant competitive concerns” over consolidation in the poultry industry, Mizuho Securities USA analyst Jeremy Scott said in a note. Tyson is in exclusive talks to buy Keystone, a U.S. supplier of chicken nuggets to McDonald’s Corp., from Marfrig Global Foods SA, people familiar with the matter told Bloomberg on July 27.
Peter Chatwell, head of European rates strategy at Mizuho, discusses the outlook for Bank of England policy, the pound and gilts amid uncertainty surrounding Brexit negotiations. He speaks on "Bloomberg; ...