Mizuho Financial Group: Good Operational Performance And Undemanding Valuation

Saturday, 25 March 2023, 11:36:53
Mizuho Financial Group”s revenue grew 2.9% Y/Y in Q1-Q3, after 2.4% growth in fiscal 2021. Click here to find out whether MFG stock is a Buy at this time.
— Seeking Alpha

JPMorgan maintains Mizuho Financial at Neutral

Friday, 24 March 2023, 18:40:35
https://www.investing.com/news/pro/mizuho-financial-group-inc-receives-investment-bank-analyst-rating-update-3039518
— Investing.com

Tokyo shares drift lower after Fed rate hike, bank worries

Thursday, 23 March 2023, 10:34:57
TOKYO: Tokyo stocks ended lower Thursday, tracking losses on Wall Street after the US Federal Reserve unveiled another interest rate hike despite worries about the banking sector. The benchmark Nikkei 225 index fell 0.17 percent, or 47.00 points, to 27,419.61, while the broader Topix index shed 0.29 percent, or 5.61 points, to 1,957.32. Worries about the global banking sector weighed on the market particularly after US Treasury Secretary Janet Yellen said Washington was not looking to offer a “blanket” increase in bank deposit insurance. “The sentiment worsened on Treasury Secretary Yellen’s comment that they were not considering broad deposit protection,” Daiwa Securities said. Yellen’s comment “illuminated a sense of uncertainty over how authorities will deal with worries about the financial system”, it said. Global investors have been shaken by the sudden collapses and woes of Silicon Valley Bank and other high-profile financial institutions in recent weeks. The Federal Reserve continued hiking interest rates Wednesday to fight inflation and noted that banking sector turmoil could weigh on the economy.
— Business Recorder

Mizuho Securities Resumes Roper Industries at Neutral

Thursday, 23 March 2023, 08:07:01
https://www.investing.com/news/pro/mizuho-securities-resumes-roper-industries-at-neutral-432SI-3037331
— Investing.com

Asian stocks fall after Wall St sinks on new bank fears

Thursday, 16 March 2023, 06:52:44
BEIJING (AP) — Asian stock markets tumbled Thursday after Wall Street sank as a plunge in Credit Suisse shares reignited worries about a possible bank crisis following the failure of two U.S. lenders. Shanghai, Tokyo, Hong Kong and Sydney slid as Asian bank stocks fell, reversing Wednesday’s gains. Oil prices rose. Wall Street’s benchmark S&P 500 lost 0.7% on Wednesday after being down as much as 2.1% at one point following a 30% fall in Credit Suisse’s share price. That fueled jitters about global banks that are under strain from interest rate hikes by the Federal Reserve and other central banks to cool inflation. The Credit Suisse decline “shakes already fragile investor sentiment,” said Venkateswaran Lavanya of Mizuho Bank in a report. The Nikkei 225 in Tokyo retreated 0.9% to 26,998.07. Mizuho Bank was down 3.9%, while Japan’s No. 5 bank, Resona Holdings, lost 4.8%. The Hang Seng in Hong Kong shed 1.4% to 19,271.65. Standard Chartered Plc lost 2.5% and HSBC was 2.5% lower. The Shanghai Composite Index lost 0.5% to 3,245.65 after government data Wednesday showed the Chinese economy is recovering more slowly than expected following the lifting of anti-virus controls.
— WNYT