Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MITSUBISHI UFJ FINANCIAL GROUP, INC.

(8306)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 10/25
643.3 JPY   -1.44%
10/21DAIMLER AG : Release according to -2-
DJ
10/20FRONTIER REAL ESTATE INVESTMENT : to Issue $22 Million Green Bonds
MT
10/20TECHNOPRO : to Issue $88 Million Unsecured Straight Bonds
MT
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

UPDATE2: MUFG to sell most of American unit to U.S. Bancorp for $17.6 bil.

09/21/2021 | 08:28am EDT

Mitsubishi UFJ Financial Group Inc. said Tuesday it will sell most of its American banking unit MUFG Union Bank to U.S. Bancorp in a deal worth around $17.6 billion.

MUFG Union Bank's operations for corporate customers will be transferred to the major Japanese financial group and all of the bank's shares will be sold to U.S. Bancorp by June next year, according to the group's press release.

MUFG said it will acquire an approximately 2.9 percent stake in U.S. Bancorp in the deal, forming a capital tie-up as the Japanese company reassesses its underperforming U.S. sectors.

Union Bank, which became a subsidiary of MUFG in 2008, operates around 300 branches around the West Coast of the United States. The bank has been struggling financially in recent years due to low interest rates and rising costs to maintain the outlets.

Headquartered in Minneapolis, Minnesota, U.S. Bancorp operates more than 2,000 branches in the United States.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
MITSUBISHI UFJ FINANCIAL GROUP, INC. -1.44% 643.3 End-of-day quote.41.04%
US BANCORP -0.35% 62.52 Delayed Quote.34.66%
All news about MITSUBISHI UFJ FINANCIAL GROUP, INC.
10/21DAIMLER AG : Release according to -2-
DJ
10/20FRONTIER REAL ESTATE INVESTMENT : to Issue $22 Million Green Bonds
MT
10/20TECHNOPRO : to Issue $88 Million Unsecured Straight Bonds
MT
10/19Nikkei ends higher on tech boost; corporate outlook in focus
RE
10/18Nikkei rises on tech boost amid earnings caution
RE
10/18MITSUBISHI UFJ FINANCIAL : Mars Growth, a Liquidity Group Fund, Provides Leading Early Lea..
BU
10/15MITSUBISHI UFJ FINANCIAL : to Redeem 3.5% Senior Notes Due 2022, 3% Senior Notes Due 2025
MT
10/12MITSUBISHI UFJ FINANCIAL : Fitch Affirms MUFG Securities (Canada) Ltd.'s L-T IDR at 'A-'; ..
AQ
10/06MITSUBISHI UFJ FINANCIAL : MUFG Signs Memorandum of Understanding with Thai Digital Econom..
PU
10/04CHINA EVERGRANDE : Asian shares wobble as Evergrande, inflation worries hit confidence
RE
More news
Analyst Recommendations on MITSUBISHI UFJ FINANCIAL GROUP, INC.
More recommendations
Financials
Sales 2022 3 925 B 34 477 M 34 477 M
Net income 2022 993 B 8 723 M 8 723 M
Net Debt 2022 - - -
P/E ratio 2022 8,20x
Yield 2022 4,25%
Capitalization 8 256 B 72 624 M 72 521 M
Capi. / Sales 2022 2,10x
Capi. / Sales 2023 2,08x
Nbr of Employees 148 100
Free-Float 88,7%
Chart MITSUBISHI UFJ FINANCIAL GROUP, INC.
Duration : Period :
Mitsubishi UFJ Financial Group, Inc. Technical Analysis Chart | 8306 | JP3902900004 | MarketScreener
Technical analysis trends MITSUBISHI UFJ FINANCIAL GROUP, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 643,30 JPY
Average target price 779,55 JPY
Spread / Average Target 21,2%
EPS Revisions
Managers and Directors
Hironori Kamezawa President, Group CEO & Representative Director
Tetsuya Yonehana Group CFO & Senior Managing Executive Officer
Hiroki Kameda Group Chief Information Officer
Takayoshi Futae Group Co-COO & GM-Global Commercial Banking
Tsutomu Okuda Independent Outside Director