Rating Report: Is Mitsubishi UFJ Financial Group (NYSE:MTU) a Sell? Goldman Sachs Downgrades It

November 23, 2016 - By Vivian Park

Rating Report: Is Mitsubishi UFJ Financial Group (NYSE:MTU) a Sell? Goldman Sachs Downgrades It

Mitsubishi UFJ Financial Group (NYSE:MTU) Downgrade

Mitsubishi UFJ Financial Group (NYSE:MTU)‘s stock was downgraded to a Neutral by research analysts at Goldman Sachs. MTU’s Buy rating is no longer valid.

Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) Ratings Coverage

Out of 2 analysts covering Mitsubishi UFJ Financial Group (NYSE:MTU), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Mitsubishi UFJ Financial Group has been the topic of 3 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Zacks upgraded the stock to “Hold” rating in Monday, August 17 report. The rating was upgraded by UBS on Thursday, February 25 to “Buy”. As per Thursday, February 4, the company rating was downgraded by Citigroup.

About 1.41 million shares traded hands or 2.92% up from the average. Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) has risen 27.25% since April 21, 2016 and is uptrending. It has outperformed by 21.92% the S&P500.

Mitsubishi UFJ Financial Group, Inc

According to Zacks Investment Research, “Mitsubishi Tokyo provides a variety of financial and investment services such as commercial banking, asset management services and trust banking.”

MTU Company Profile

Mitsubishi UFJ Financial Group, Inc. (MUFJ), incorporated on April 2, 2001, is a bank holding company. The Company’s divisions include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services. The Company’s subsidiaries include The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Mitsubishi UFJ Trust and Banking Corporation (MUTB), Mitsubishi UFJ Securities Holdings Co., Ltd. (MUSHD), Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (MUMSS) and Mitsubishi UFJ NICOS Co., Ltd.

More news for Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) were recently published by: Marketwatch.com, which released: “Mitsubishi UFJ Financial Group Inc. ADR” on May 19, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 13, 2011 is yet another important article.

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