Tuesday, July 31, 2007

MUFG Q1 profit falls 31 pct, sticks to forecast

(Reuters) - The bank kept its estimate that profit will slide 9.2 percent
this year to 800 billion yen, short of a forecast of 859.14
billion yen in a poll of 14 analysts by Reuters Estimates. The
analysts did not give quarterly earnings forecasts.




Japan's large banks are beginning to see some benefit from
rising interest rates, although slack corporate demand for credit
and fierce competition have kept a lid on how much they can
charge borrowers.


Read more at Reuters.com Market News

No comments: