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Mizuho Financial Group Inc (8411.T)

8411.T on Tokyo Stock Exchange

197JPY
17 Nov 2017
Change (% chg)

¥-1 (-0.71%)
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¥198
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Volume
259,153,200
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125,373,594
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Mon, Nov 13 2017

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Mizuho second-quarter profit falls 12 percent on weak lending business

TOKYO Mizuho Financial Group posted on Monday a 12 percent drop in quarterly profit, as ultra-low interest rates hurt income at its core banking business.

BRIEF-Mizuho CEO: Sees no need to change stance as main lender to support Kobe Steel

Nov 13 Mizuho Financial Group Inc Chief Executive Yasuhiro Sato said:

UPDATE 1-Mizuho Q2 profit falls 12 pct on weak lending business

* Smaller bad loan costs, gains from selling stocks are positive (Changes to quarterly figures)

Mizuho H1 profit falls 11.5 pct on weak lending business

TOKYO, Nov 13 Mizuho Financial Group said on Monday net profit fell 11.5 percent for the six months ended September, as it struggles to reverse declining income at its core banking business.

As profitability sags, Mizuho considers 30 percent cut to workforce - source

TOKYO Mizuho Financial Group Inc is considering cutting its global workforce by a third in the next decade to stem a decline in profitability due to prolonged low interest rates in Japan, a person with knowledge of the issue told Reuters on Saturday.

As profitability sags, Mizuho considers 30 pct cut to workforce -source

TOKYO, Oct 28 Mizuho Financial Group Inc is considering cutting its global workforce by a third in the next decade to stem a decline in profitability due to prolonged low interest rates in Japan, a person with knowledge of the issue told Reuters on Saturday.

BRIEF-R&I affirms Mizuho Financial Group's rating at "A+" and says stable outlook - R&I

* Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+" -R&I

UPDATE 2-Japan banks book gains from stock holdings, but bleak lending persists

* Mizuho Q1 net profit 118.3 bln yen vs 132.6 bln yen a year ago

Mizuho Q1 profit falls 11 pct y/y, hurt by low interest rates

TOKYO, July 31 Mizuho Financial Group on Monday reported a 10.8 percent fall in net profit for the first quarter, as lending business remains tepid amid ultra-low interest rates.

FACTBOX-Impact on banks from Britain's vote to leave the EU

July 26 Global banks have said they could move thousands of jobs out of Britain to prepare for Brexit, the country's planned exit from the European Union.

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