MUFG - Mitsubishi UFJ Financial Group, Inc.

NYSE - NYSE Delayed Price. Currency in USD
4.7700
+0.0800 (+1.71%)
At close: 4:02PM EDT
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Previous Close4.6900
Open4.7100
Bid4.6600 x 21500
Ask5.9000 x 29200
Day's Range4.7100 - 4.7800
52 Week Range4.4900 - 6.4700
Volume1,380,665
Avg. Volume1,282,122
Market Cap61.904B
Beta (3Y Monthly)0.98
PE Ratio (TTM)5.55
EPS (TTM)0.8600
Earnings DateN/A
Forward Dividend & Yield0.20 (4.25%)
Ex-Dividend Date2019-03-28
1y Target Est7.77
Trade prices are not sourced from all markets
  • Banco Macro's (BMA) Q2 Earnings and Revenues Increase Y/Y
    Zacks

    Banco Macro's (BMA) Q2 Earnings and Revenues Increase Y/Y

    Banco Macro's (BMA) Q2 earnings reflect higher revenues and strong profitability ratios.

  • Mitsubishi UFJ Closes Colonial First State Group Limited Deal
    Zacks

    Mitsubishi UFJ Closes Colonial First State Group Limited Deal

    Mitsubishi UFJ (MUFG) completes the acquisition of shares of nine subsidiaries of Colonial First State Group Limited.

  • PR Newswire

    Mitsubishi UFJ Trust and Banking completes acquisition of First State Investments, for US$2.7 billion

    NEW YORK , Aug. 2, 2019 /PRNewswire/ -- Leading global investment manager First State Investments today announced the completion of its sale from Commonwealth Bank of Australia to Mitsubishi UFJ Trust ...

  • Mitsubishi UFJ (MUFG) Reports Impressive Earnings in Q1
    Zacks

    Mitsubishi UFJ (MUFG) Reports Impressive Earnings in Q1

    Mitsubishi UFJ Financial Group (MUFG) reports impressive earnings for first-quarter fiscal 2019 (Jun 30, 2019), driven by low credit costs and higher gross profits.

  • MUFG vs. RY: Which Stock Is the Better Value Option?
    Zacks

    MUFG vs. RY: Which Stock Is the Better Value Option?

    MUFG vs. RY: Which Stock Is the Better Value Option?

  • International financial group opens uptown office with plans to add 300 jobs
    American City Business Journals

    International financial group opens uptown office with plans to add 300 jobs

    Mitsubishi UFJ Financial Group Inc. recently opened a new office in Charlotte as part of a plan to establish an eastern U.S. hub and create about 300 jobs here.

  • Itau Unibanco (ITUB) Q2 Earnings Rise Y/Y on Higher Revenues
    Zacks

    Itau Unibanco (ITUB) Q2 Earnings Rise Y/Y on Higher Revenues

    Itau Unibanco's (ITUB) second-quarter 2019 earnings highlight higher revenues, partly muted by elevated expenses and provisions.

  • Japan’s Banks Are Running Out of Room to Cope With Negative Rates
    Bloomberg

    Japan’s Banks Are Running Out of Room to Cope With Negative Rates

    (Bloomberg) -- Japanese banks have spent more than three years trying to flee negative interest rates at home by ramping up lending abroad. Now their escape routes are closing.Declining global rates are buffeting the country’s three largest lenders as they prepare to post fiscal first-quarter results next week. And with central banks around the world now in monetary easing mode, financial firms are growing concerned that the Bank of Japan may loosen policy further.“There is a limit to what banks can do to cope” with negative rates, Japanese Bankers Association Chairman Makoto Takashima said earlier this month.That bodes ill for Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc., which have about a third of their loans abroad. What’s more, the Tokyo-based banks face rising bad-loan costs and diminishing gains from selling shares held in their corporate clients – factors that had been propping up earnings as loan profitability eroded.The triple-whammy of low global rates, rising provisions and limited stock gains mean first-quarter results “will probably be subdued and may set the tone for the rest of the year,” said Francis Chan, a Bloomberg Intelligence banking analyst.Read how a return to easy money is slamming global banksShares of the three banks fell less than 1% on Friday morning in Tokyo. Sumitomo Mitsui is the best performer this year, climbing 4.9%, while Mizuho has slid 7.9% and MUFG is down 2%.The charts below illustrate the banks’ predicament heading into this earnings season. Sumitomo Mitsui will kick off reporting on Tuesday, followed by MUFG and Mizuho the following day.Record-Low RatesThe squeeze on banks’ domestic lending profitability got even worse last quarter. The average interest rate on new loans tumbled to a record-low 0.576% in May, Bank of Japan data show, and 10-year Japanese bond yields have been negative almost all year.Not All BadTo be sure, the drop in interest rates abroad isn’t entirely bad news because it will allow the banks to book gains on their foreign bond holdings in the short term, said Rie Nishihara, an analyst at JPMorgan Chase & Co. in Tokyo. She predicts the lenders will achieve at least 25% of their full-year profit targets during the period.MUFG and Mizuho expect net income to rise in the fiscal year through March -- but only because they booked hefty writedowns in the last quarter of the previous year. Sumitomo Mitsui is forecasting a profit decline.Rising Credit CostsIn recent years, Japanese banks booked profits from clawing back loan-loss provisions that weren’t needed because of gradually improving economic conditions. While it’s unlikely that loan quality will suddenly deteriorate, those reversals have now reached their limit and it’s time to replenish reserves.“One thing that should make their lives more difficult will be rising credit costs,” said Michael Makdad, an analyst at Morningstar Inc. in Tokyo.Stock Sale GainsJapanese banks have been trimming their so-called cross-shareholdings in recent years following government efforts to loosen cozy ties between lenders and their corporate clients. They initially booked healthy gains when stocks were rallying, but those are likely to diminish because Japan’s equity market recovery has faded.(Updates with shares in the sixth paragraph)To contact the reporters on this story: Taiga Uranaka in Tokyo at turanaka@bloomberg.net;Yuki Hagiwara in Tokyo at yhagiwara1@bloomberg.netTo contact the editors responsible for this story: Marcus Wright at mwright115@bloomberg.net, Russell WardFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Deutsche Bank (DB) Reports Q2 Loss as Revenues Decrease
    Zacks

    Deutsche Bank (DB) Reports Q2 Loss as Revenues Decrease

    Deutsche Bank's (DB) Q2 net loss reflects the impact of overhaul costs, decline in revenues and higher provisions.

  • UBS Group's (UBS) Q2 Earnings Rise Y/Y on Lower Expenses
    Zacks

    UBS Group's (UBS) Q2 Earnings Rise Y/Y on Lower Expenses

    For the second quarter, UBS Group (UBS) reports rise in fees and commissions and fall in expenses, partially offset by lower interest income.

  • Okta co-Founder: Every company has to become a tech company
    Yahoo Finance

    Okta co-Founder: Every company has to become a tech company

    With high-profile breaches and data controversies becoming more commonplace, OKTA co-founder Frederic Kerrest told Yahoo Finance that companies have to be more proactive.

  • Business Wire

    Mitsubishi UFJ Financial Group, Inc. Announces Filing of Annual Report on Form 20-F for the Year Ended March 31, 2019

    Mitsubishi UFJ Financial Group, Inc. hereby announces that it has filed its Annual Report on Form 20-F for the fiscal year ended March 31, 2019 with the U.S.

  • PR Newswire

    Union Bank Named a 2019 'Best Bank' By Kiplinger's Personal Finance

    LOS ANGELES, July 2, 2019 /PRNewswire/ -- Union Bank has been named the Best Regional Bank for the West region in Kiplinger's Personal Finance's third annual rankings of "The Best Banks for You" in the U.S. To identify top picks, the magazine selected a winner among national and internet banks, credit unions, and the best bank in each of three regions, as well as top institutions in a number of personalized categories. "We are very pleased to be recognized as the leading bank in the West by Kiplinger's," said Tim Wennes, West Coast President and Head of the Regional Bank for Union Bank. In creating its Best Banks of 2019 list, Kiplinger's studied data for 44 national and regional banks, 14 credit unions, and 15 online banks.

  • MUFG Seeks to Sell Remaining Portion of CNX Resources Bonds
    Zacks

    MUFG Seeks to Sell Remaining Portion of CNX Resources Bonds

    Mitsubishi UFJ (MUFG) is likely to incur loss on its first deal as sole underwriter, as it continues to lower price of the bonds purchased from CNX Resources.

  • Business Wire

    MUFG Appoints Mr. George Yeo to Global Advisory Board

    MUFG is pleased to announce today that Mr. George Yeo, a former Singaporean Minister for Foreign Affairs with an MBA from Harvard University, has been appointed to its Global Advisory Board.

  • Citi's Japanese Unit Faces Ban From Auction Participation
    Zacks

    Citi's Japanese Unit Faces Ban From Auction Participation

    Citigroup's (C) lack of internal control measures, as stated by the Financial Services Agency, results in a ban on the company from availing some special auction participation entitlements.

  • MUFG Hires Veteran Banker Deborah Bennett To Bolster Its Supply Chain Finance Group in the Americas
    PR Newswire

    MUFG Hires Veteran Banker Deborah Bennett To Bolster Its Supply Chain Finance Group in the Americas

    New Managing Director to Oversee Supplier Acquisition, On-Boarding NEW YORK , June 10, 2019 /PRNewswire/ --   Mitsubishi UFJ Financial Group (MUFG), Inc., one of the world's leading financial institutions, ...

  • Global Banks to Pay $91M in Settlement for FX Manipulation
    Zacks

    Global Banks to Pay $91M in Settlement for FX Manipulation

    Swiss COMCO fines big global banks around 90 million Swiss francs ($91 million) for rigging prices in the foreign exchange market.

  • Japan's MUFG offers redundancy to 500 senior bankers in London: source
    Reuters

    Japan's MUFG offers redundancy to 500 senior bankers in London: source

    Japan's Mitsubishi UFJ Financial Group is offering voluntary redundancy packages to 500 managing directors and directors in its London office, a source familiar with the matter said on Friday. The plan aimed to reduce costs and streamline a workforce that had too many senior managers, the source said. Japan's biggest bank by assets set a more bullish tone in November 2017, when Reuters reported it had hired more than 180 staff in the British capital that year and was set to bring on board more as it sought to expand its business in Europe.

  • MUFG's Project Finance Group Adds to List of Recent Honors, Winning Project Finance Lead Arranger of the Year Award From Power Finance & Risk
    PR Newswire

    MUFG's Project Finance Group Adds to List of Recent Honors, Winning Project Finance Lead Arranger of the Year Award From Power Finance & Risk

    NEW YORK, May 30, 2019 /PRNewswire/ -- Mitsubishi UFJ Financial Group (MUFG), Inc., today announced that its Project Finance team in the Americas added to its impressive list of recent honors by capturing six of Power Finance & Risk's 2018 industry awards, including one for Louise Pesce, who was named Project Finance Banker of the Year.

  • PR Newswire

    Continental Petroleum Chairman Harold Hamm to Keynote EnerCom's The Oil & Gas Conference® Tues. Aug. 13, 2019

    DENVER, May 29, 2019 /PRNewswire/ -- EnerCom is pleased to announce that legendary oilman Harold G. Hamm, chairman and CEO of Continental Resources (CLR), will take the stage for a discussion about U.S. shale and look at the prospects for U.S. oil and gas exploration in a "fireside chat" Tuesday, August 13, 2019, during EnerCom's The Oil & Gas Conference® in downtown Denver's Westin hotel.

  • Lawsuit Slapped on Global Banks for FX Collusion in Australia
    Zacks

    Lawsuit Slapped on Global Banks for FX Collusion in Australia

    Big global banks in spotlight again, this time accused in Australia for rigging prices in the foreign exchange market.