Strong reported numbers, with excellent balance sheet management, and good credit metrics. Having achieved 40% of full year forecast profit, there should be major upgrades.
Boomeranged on Tue, 22 Aug 2023 17:01
JGB yields are surging now up to 0.657% where Mizuho can benefit substantially, also with likely sharply higher company profit forecast. Weakening credit metrics & earnings outlook for US and Australia's banks makes Mizuho look much better in comparison - especially with Mizuho's contrasting declining credit costs both YoY and QoQ.
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