When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

Two seasoned executives join Healthcare Finance team to drive growth and innovation NEW YORK, July 16, 2024 /PRNewswire/ -- Mitsubishi UFJ Financial Group (NYSE: MUFG) announced today the hiring of two senior bankers with specialized experience who will be responsible for expanding the bank's middle market and mid-corporate capabilities within the Healthcare Finance business.Mehul Patel has joined the firm as Managing Director and Head of Middle Market Healthcare Sponsor Finance. He will be focused on expan ...

Mitsubishi UFJ Financial Group’s (MUFG) strategic buyouts and focus on business upgradation plans will support its financials in the long run. Also, its strong liquidity profile and capital strength support the share repurchase plan. On the flip side, lower net interest income (NII) is expected to limit revenue growth in the near term. Besides, high costs are likely to impede bottom-line growth.The bank is focused on expanding inorganically and is actively seeking new growth opportunities globally. Since 20 ...

Mitsubishi UFJ Financial Group, Inc. (MUFG) and its consolidated subsidiary, MUFG Bank, as a lead investor, signed an investment agreement for $195 million in Ascend Money, along with the Finnoventure Private Equity Trust I fund. This private equity fund is managed by Krungsri Finnovate, a subsidiary of the Bank of Ayudhya (Krungsri).Thailand-based fintech company, Ascend Money, offers advanced payments and financial services to 30 million active users across seven Southeast Asian countries.This investment ...

Mitsubishi UFJ Financial Group, Inc. (MUFG) announced progress on its previously declared share repurchase program. The company repurchased 37,026,800 shares of its common stock at an aggregate price of ¥59.8 billion between Jun 1, 2024, and Jun 21, 2024.The share buybacks were carried out under the company’s ¥100-billion share repurchase program announced on May 15, 2024. The plan allows MUFG to repurchase up to 80,000,000 shares, representing 0.68% of the total shares outstanding, excluding treasury stock ...

Mitsubishi UFJ Financial Group, Inc. (MUFG) provided an update regarding administrative action against MUFG Bank and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (MUMSS) by Japan’s Financial Services Agency (FSA). The action was taken for breaching the regulations governing client confidentiality.The FSA issued business improvement orders to MUFG Bank and MUMSS under the Financial Instruments and Exchange Act and orders to submit reports to MUFG and MUFG Bank under the Banking Act (Articles 52, paragr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of June 2024 Commission File No. 000-54189 MITSUBISHI UFJ FINANCIAL GROUP, INC. (Translation of registrant's name into English) 7-1, Marunouchi 2-chome, Chiyoda-ku Tokyo 100-8330, Japan (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports un ...

Mitsubishi UFJ Financial Group, Inc.’s (MUFG) banking and securities units have been penalized by Japan’s financial regulator for breaching the regulations governing client confidentiality. MUFG Bank Ltd., Morgan Stanley MUFG Securities Co. and Mitsubishi UFJ Morgan Stanley Securities Co. units are directed by the Financial Services Agency (“FSA”) to reinforce its compliance measures, per Reuters.This order came to light following an investigation that identified several breaches of "firewall" regulations.F ...

Mitsubishi UFJ Financial Group Inc. (MUFG) units are under investigation by Japan’s securities regulator, Securities and Exchange Surveillance Commission (“SESC”), for compromising its clients' confidentiality by bypassing firewalls between the bank's operations.SESC mentioned that MUFG Bank Ltd., Morgan Stanley MUFG Securities Co. and Mitsubishi UFJ Morgan Stanley Securities Co. shared confidential customer details on at least 10 occasions to attract more business. The exchange breached the regulatory fire ...

Mitsubishi UFJ Financial Group, Inc. (MUFG) announced progress on its previously announced share repurchase plan. The company repurchased 25,639,300 shares of its common stock at an aggregate price of ¥40.2 billion between May 16, 2024 and May 31, 2024.The repurchases were carried out under the company’s ¥100-billion share repurchase program announced on May 15, 2024. The plan allows MUFG to repurchase up to 80,000,000 shares, representing 0.68% of the total shares outstanding, excluding treasury stock.Sinc ...