Rating Watching: Will Goldman Downgrade Harm Mitsubishi Financial (NYSE:MTU) Stock Price Today?

November 23, 2016 - By Dolores Ford

Rating Watching: Will Goldman Downgrade Harm Mitsubishi Financial (NYSE:MTU) Stock Price Today?

Mitsubishi Financial (NYSE:MTU) Downgrade

Mitsubishi Financial (NYSE:MTU)‘s “Buy” rating is no longer valid. equity research analysts at Goldman downgraded Mitsubishi Financial (NYSE:MTU)‘s rating to a “Neutral”.

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. The firm has “Sell” rating given on Thursday, February 4 by Citigroup. The stock of Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) earned “Hold” rating by Zacks on Monday, August 17. UBS upgraded Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) on Thursday, February 25 to “Buy” rating.

About 625,306 shares traded hands. 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 recent Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) news were published by: Marketwatch.com which released: “Mitsubishi UFJ Financial Group Inc. ADR” on May 19, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 13, 2011. Bidnessetc.com‘s news article titled: “Mitsubishi UFJ Financial Group Inc (ADR) To Buy UBS Group Investment Unit” with publication date: June 19, 2015 was also an interesting one.

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