Mitsubishi UFJ's (MUFG) Q1 Earnings Increase Year Over Year
MUFG(MUFG) ZACKS·2024-08-02 21:32
Mitsubishi UFJ Financial Group, Inc. (MUFG) reported profits attributable to owners of the parent for firstquarter fiscal 2025 (ended Jun 30) of ¥678.1 billion ($4.35 billion), up 21.8% year over year. Increased gross profits, a rise in net interest income (NII), and net fees and commissions acted as tailwinds. Also, a rise in loan and deposit balances was positive. While a decline in net trading profit and a rise in credit costs acted as a spoilsport. Gross Profits and G&A Expenses Increase Gross profits ( ...