Riding the Rate Wave: Shernice Bets Big on Japanese Bank Stocks Like MUFG
@Shernice軒嬣 2000:
Mitsubishi UFJ Financial Group, Inc. $Mitsubishi UFJ(MUFG)$ is making waves, not just by breaking new 52-week highs but also with its ambition to reclaim a spot among the global top 10 banks by market value. Japan’s largest bank is riding the wave of the country’s tightening monetary policy after two decades of ultra-low interest rates, and its financial results back up this bold goal. Let’s break down MUFG’s revenue growth, net income growth, and financial performance, weaving in CEO Hironori Kamezawa’s insights from his recent Financial Times interview. Revenue Growth MUFG’s revenue growth is a cornerstone of its push to the global top 10. For fiscal year 2024 (ending March 31, 2024), annual revenue reached $79.518 billion USD, up 20