Mizuho’s Quarterly Profit Climbs on Lending, Trading Income
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Mizuho Financial Group Inc., Japan’s third-biggest bank by market value, posted an increase in third-quarter profit as the country’s rebounding economy helped boost lending and trading income.
Net income climbed to 207.5 billion yen ($2.3 billion) in the three months ended Dec. 31 from 16.3 billion yen a year earlier, when its brokerage unit posted a loss of 36.7 billion yen. Quarterly earnings were calculated by subtracting first-half profit from nine-month figures reported in a statement yesterday.