Mitsubishi UFJ Financial Group is trading at $22.70 (4% up) in pre-market after reporting a sharp jump in quarterly profit and beating revenue and EPS forecasts.
- The bank’s first-quarter profit surged 48% year-over-year as core profitability improved on widening interest margins.
- Management reaffirmed a conservative full-year net profit outlook of ¥2.7 trillion, a move that has bolstered investor confidence.