Mizuho Financial Is Still A Buy With Q1 Earnings Beat And ROE Improvement
Mizuho Financial Group(MFG) Seeking Alpha·2024-08-02 09:52
winhorse I still rate Mizuho Financial Group, Inc. (NYSE:MFG) [8411:JP] stock as a Buy. MFG's strong earnings growth and meaningful ROE (Return On Equity) expansion in the latest quarter suggest that a higher P/B multiple for the stock is justified. My earlier update published on January 7, 2024 looked at a number of potential re-rating catalysts for MFG. For the current write-up, I review Mizuho Financial's recently disclosed Q1 FY 2024 (YE March 31, 2025) results and highlight the company's ROE improvemen ...