Mizuho posts profit as MUFG falters

31 Jul 2012

Mizuho Financial Group told investors on Tuesday that its first quarter net income nearly doubled from a year ago, becoming the only Japanese megabank to post a rise in profit.

Mizuho made a consolidated net income of ¥183.9bn ($2.3bn) between April and June, the first quarter of Japan’s financial year. That is up 91% from the ¥96.3bn it made during the same period last year and more than a third of its estimated net income for the whole of ...

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