Mizuho Financial: Multiple Re-Rating Catalysts (Rating Upgrade)
Mizuho Financial Group(MFG) Seeking Alpha·2024-01-07 22:44
winhorse/iStock Unreleased via Getty Images Elevator Pitch My investment rating for Mizuho Financial Group, Inc. (NYSE:MFG) [8411:JP] is a Buy. MFG, Sumitomo Mitsui Financial Group, Inc. (SMFG) [8316:JP], and Mitsubishi UFJ Financial Group, Inc. (MUFG) [8306:JP] are the three Japanese megabanks. With my prior June 3, 2021 write-up, I outlined the factors that led to Mizuho Financial's share price returning to pre-COVID levels. My focus is on the potential catalysts for MFG in this latest update. There are m ...