Mizuho Raises Profit Forecast 33% as Loan Costs Fall
675260
Mizuho Financial Group Inc., the world&#39;s second-largest bank by assets, raised its profit forecast by a third because the cost of bad-loan disposals may decline, compensating for a decline in revenue.
641522
Japanese stocks rose by mid-afternoon on Wednesday as favorable earnings lifted companies including Mitsubishi Electric Corp. while steelmakers gained on anticipation of a rise in steel sheet prices.
154795
ABN Amro NV, the Netherlands' largest retail bank, said fourth-quarter net profit rose 33 percent due to asset sales, fewer bad loans and lower taxes.
287424
Panasonic maker Matsushita Electric Industrial Co Ltd  posted a surprise 3 percent gain in quarterly operating profit on cost cuts and strong sales of cameras and TVs, but cited fears about the U.S. economy and kept its full year outlook unchanged.
626088
Japanâs industrial production unexpectedly dropped in May for a third month, the longest losing streak in almost two years. Production fell a seasonally adjusted 0.4 percent from a month earlier, the Ministry of Economy, Trade and Industry said. Slower production diminishes hopes that economic growth will accelerate, in contrast with other reports released in the last week, which said that export growth almost doubled to 15.1 percent in May and retail sales gained for the first time in eight months. The Bank of Japanâs governor, Toshihiko Fukui, said this month that the bank needed more evidence of the economyâs strength before it raises the key interest rate from 0.5 percent.
407048
The Nikkei average rose 0.53 percent by midsession on Tuesday as investors remained optimistic about Japan&#39;s economy, buying banks such as Mizuho Financial Group and shares in firms tied to domestic business.
605525
SLM Corp., the nationâs largest student lender, said Tuesday that second quarter earnings rose 33 percent on an increase in derivative and hedging activity.
740188
Panasonic maker Matsushita  reported a 22 percent gain in quarterly operating profit on brisk demand for its digital cameras and flat televisions, and it stood by its annual outlook that falls short of market expectations.
769156
NTT DoCoMo Inc., Japan's top mobile phone operator, posted an 18.4 percent gain in quarterly profit on Wednesday, helped by cost cuts, but kept its forecast as it expects tougher competition toward the end of the business year.
587915
Mizuho Financial Group Inc (8411.T),  Japan's second-biggest bank, is in talks to invest more than  $925 million in Merrill Lynch & Co Inc , sources said on  Tuesday, amid speculation the U.S. bank is looking to further  boost its capital.
320509
Panasonic maker Matsushita (6752.T)  reported a 22 percent gain in quarterly operating profit on  brisk demand for its digital cameras and flat televisions, and  it stood by its annual outlook that falls short of market  expectations.
553049
SLM Corp., the student loan company known as Sallie Mae, Wednesday said fourth-quarter profit more than doubled as loans originated through its owned or affiliated brands were up 18 percent for the full year.
127551
SunTrust Banks Inc., a large  southeastern U.S. bank, on Thursday said fourth-quarter profit  rose 33 percent, helped by growth in fees and loans and its  acquisition of National Commerce Financial Corp.
652635
TOKYO: Japan&#39;s Nikkei average fell 0.42 per cent at the opening on Tuesday as profit-taking hit bank shares such as Mizuho Financial Group following a halt in a New York rally.
536980
Japanese electronics maker Hitachi said its net profit rose more than sevenfold to 41.2 billion yen (390 million dollars) in the first half on strong sales of IT and digital electronics products.
128229
Tokyo's Nikkei share average gained 0.94  percent on Thursday, with carmakers such as Honda Motor Co.  buoyed by a weaker yen, while banks extended recent gains as  investors cheered progress in their handling of bad loans.
725595
The Nikkei average rose 0.53 percent by midsession on Tuesday as investors remained optimistic about Japan's economy, buying banks such as Mizuho Financial Group and shares in firms tied to domestic business.