Mizuho Profit Unexpectedly Rises on Bond Trading Jump
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Mizuho Financial Group Inc.’s third-quarter profit unexpectedly rose as a jump in bond trading income made up for shrinking loan profitability at home.
Net income at Japan’s third-largest bank by market value climbed 26 percent from a year earlier to 167.9 billion yen ($1.4 billion) in the three months ended Dec. 31, figures showed Friday. That beat the 126.1 billion-yen average estimate of five analysts surveyed by Bloomberg.