- Mizuho’s 3Q net income was 289.23 billion yen, surpassing estimates and marking a 28% increase year-on-year.
- Gross profit rose by 9.5% year-on-year, reaching 744.8 billion yen.
- The bank saw a 68% increase in gains on stock holdings, amounting to 75.5 billion yen.
- Lending profits surged by 26% year-on-year to 254.3 billion yen.
- Fees and commissions grew by 22% year-on-year, totaling 250.1 billion yen.
- The bank recorded a bond and securities trading loss of 39.6 billion yen, a decline from the previous year’s profit of 150.5 billion yen.
- Credit costs were reversed by 23.8 billion yen compared to a loss of 2.7 billion yen the previous year.
- Despite the yen’s weakness and inflation, Mizuho continues investing in growth and controlling expenses appropriately.
- For the year, the company maintains its net income forecast of 820.00 billion yen, against market estimates of 859.71 billion yen.
- Mizuho holds its dividend forecast at 130.00 yen, closely aligned with the estimate of 130.68 yen.
- Earnings attributable to owners of the parent increased by 33%, achieving 104% of the earnings forecast.
- Analyst ratings include 12 buys and 6 holds, with no sell recommendations.
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A look at Mizuho Financial Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
With a strong Smartkarma Smart Score across all key factors, Mizuho Financial Group appears to have a promising long-term outlook. The company has received impressive scores in Value, Dividend, Growth, Resilience, and Momentum, indicating its solid performance across various aspects. Mizuho Financial Group, Inc. offers a wide range of financial services through its subsidiaries, including general banking, securities brokerage, trust banking, and asset management.
Investors may find Mizuho Financial Group attractive due to its positive outlook as reflected in the Smartkarma Smart Scores. The company’s high scores in Value, Dividend, Growth, Resilience, and Momentum suggest a well-rounded performance and potential for growth. With its comprehensive financial services offerings, Mizuho Financial Group is positioned to capitalize on opportunities in the market and deliver value to its stakeholders in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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