Sumitomo Mitsui, Mizuho Forecast Record Profits as Rates Rise

Sumitomo Mitsui Financial Group Inc. News

Sumitomo Mitsui, Mizuho Forecast Record Profits as Rates Rise
Mizuho Financial GroupBloombergNegative Interest Rates
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(Bloomberg) -- Sumitomo Mitsui Financial Group Inc. and rival Mizuho Financial Group Inc. forecast record profits for the year started in April, after the...

-- Sumitomo Mitsui Financial Group Inc. and rival Mizuho Financial Group Inc. forecast record profits for the year started in April, after the country’s central bank ended its policy of negative interest rates.SMFG, Japan’s second-largest lender, aims for a 10% increase to 1.06 trillion yen in annual net income for the current fiscal year. Mizuho expects profit to gain 10.5% to 750 billion yen.The two banks and Mitsubishi UFJ Financial Group Inc.

“Everything worked favorably for the banking business,” SMFG Chief Executive Toru Nakashima said at a briefing. The TFSA can help every Canadian become a wealthy retiree. Here are a few stocks that can help you make the most of the TFSA. The post 4 Stocks I Think Every Canadian Should Have in a TFSA appeared first on The Motley Fool Canada.

Inflation falling further from here in the near term is a "pipe dream" and rate cuts will continue to be pushed out, Stifel strategists said.These high-yielding dividend stocks are perfect for investors looking for a deal, and who'll be paid to wait it out! The post Got $5,000? These 2 High-Yielding Dividend Stocks Are Trading Near Their 52-Week Lows appeared first on The Motley Fool Canada.Algonquin Power & Utilities Corp.

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