Published:
Mizuho net profit jumps 35%
Boosted by a rally in Japanese stocks.
Mizuho Financial Group Inc, Japan's second-biggest bank by assets, said its net profit rose to US$2.5 billion in its fiscal first quarter from US$1.9 billion year-on-year.
Mizuho kept its full-year net profit forecast unchanged at US$5.1 billion, down 10.7%.
Net interest income from Mizuho's core banking unit also increased from a year earlier, while profits from JGB trading plunged.
Japanese financial institutions are benefiting from a surge in domestic share prices on the back of expectations for Prime Minister Shinzo Abe's economic policies.
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