Exclusive: Could Mizuho Financial Group Inc. (ADR) Decline After Today’s Huge Increase?

Exclusive: Could Mizuho Financial Group Inc. (ADR) Decline After Today's Huge Increase?

The stock of Mizuho Financial Group Inc. (ADR) (NYSE:MFG) is a huge mover today! About 390,320 shares traded hands or 58.03% up from the average. Mizuho Financial Group Inc. (ADR) (NYSE:MFG) has risen 12.30% since April 14, 2016 and is uptrending. It has outperformed by 7.61% the S&P500.
The move comes after 6 months positive chart setup for the $45.11B company. It was reported on Nov, 16 by Barchart.com. We have $4.69 PT which if reached, will make NYSE:MFG worth $13.53 billion more.

Mizuho Financial Group Inc. (ADR) (NYSE:MFG) Ratings Coverage

Out of 2 analysts covering Mizuho Financial Group (NYSE:MFG), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Mizuho Financial Group has been the topic of 2 analyst reports since February 4, 2016 according to StockzIntelligence Inc. As per Thursday, February 4, the company rating was downgraded by Jefferies. The stock of Mizuho Financial Group Inc. (ADR) (NYSE:MFG) earned “Sell” rating by Citigroup on Thursday, February 4.

According to Zacks Investment Research, “THE MIZUHO FINANCIAL GROUP is a bank holding company which operates and manages its banks, long-term credit banks, specialized securities companies and other companies which the Company may own by law as its subsidiaries, and engages in business appertaining to the management and operation of such companies.”

More notable recent Mizuho Financial Group Inc. (ADR) (NYSE:MFG) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Bidnessetc.com with their article: “Mizuho Financial Group Inc. (ADR) In Talks To Buy Royal Bank of Scotland Group …” published on February 26, 2015, Benzinga.com published: “Earnings Scheduled For November 14, 2016” on November 14, 2016. More interesting news about Mizuho Financial Group Inc. (ADR) (NYSE:MFG) were released by: Marketwatch.com and their article: “Mitsubishi UFJ Financial Group Inc. ADR” published on May 19, 2009 as well as Fool.com‘s news article titled: “How Will Japan’s New Fiscal Policy Impact Its Assets?” with publication date: July 11, 2014.

MFG Company Profile

Mizuho Financial Group, Inc. (MHFG), incorporated on January 8, 2003, is a financial holding company. The Company, through its subsidiaries, provides domestic and international financial services in Japan and other countries. The Company’s divisions include MHBK, MHTB, MHSC and Others. The MHBK segment includes Personal Banking; Retail Banking; Corporate Banking (Large Corporations); Corporate Banking; Financial Institutions & Public Sector Business; International Banking, and Trading and others. The MHTB segment provides services and products related to trust, real estate, securitization and structured finance, pension and asset management, and stock transfers. The MHSC segment provides securities services to firms, financial institutions, public sector entities and individuals. The Company’s Others segment consists of MHFG, its subsidiaries other than Mizuho Bank, Ltd. (MHBK), Mizuho Trust & Banking Co., Ltd. (MHTB), and Mizuho Securities Co., Ltd. (MHSC), and its equity-method affiliates. They provide a range of clients with their various services and products, such as those related to trust and custody, asset management, and private banking through companies, such as Trust & Custody Services Bank, Ltd. (TCSB), Mizuho Asset Management Co., Ltd., DIAM Co., Ltd. (an equity-method affiliate), and Mizuho Private Wealth Management Co., Ltd. The Others segment also provides non-banking services, including research and consulting services through Mizuho Research Institute Ltd. and information technology-related services through Mizuho Information & Research Institute, Inc.

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