AllAnalyst Report
logoMorningstarFebruary 06, 2024

Mitsubishi UFJ Financial Group, Inc.: Mitsubishi UFJ Earnings: Currency and Higher NIM Lift Profit, but Shares Still Fairly Valued

Symbols
MUFG
Sector(s)
Financial Services
Rating
Current Price
$9.91
Fair Value
Economic Moat
Stewardship
Summary

Mitsubishi UFJ Financial Group is the largest bank in Japan in terms of market capitalization and assets, with an 8.1% share of all domestic loans as of March 2023. It is the largest non-Chinese bank group globally and has a balance sheet slightly larger than those of JPMorgan Chase and HSBC Holdings. MUFG’s operations in Japan account for around half of pro

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Analyst Profile

Lorraine Tan

Regional Director
Lorraine Tan is the director of equity research in Asia for Morningstar Investment Adviser Singapore Pte Ltd., a wholly owned subsidiary of Morningstar, Inc. She leads the Asian equity research team, which focuses on providing in-depth, fundamental equity research based on sustainable competitive advantages and long-term valuation.Tan joined Morningstar in July 2015. She previously led Standard & Poor’s equity research business in Asia from 2000 to 2014, where she also wrote about the Asian market strategy. Tan has more than 22 years of experience in equity research, covering a variety of sectors in the region, most recently energy and utilities.Tan holds a bachelor’s degree in economics from the London School of Economics and the Chartered Financial Analyst® designation.