Japan’s top lender MUFG posts a 76% rise in 9-month profit

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FILE PHOTO: A signboard of MUFG Bank is seen in Tokyo

TOKYO (Reuters) – Japan’s top lender Mitsubishi UFJ Financial Group Inc on Wednesday posted a net profit of 1.07 trillion yen ($9.33 billion) in the nine months through December, up from 607 billion yen in the same period a year earlier.

MUFG, which owns about 20% of Wall Street lender Morgan Stanley, maintained its full-year profit outlook at 1.05 trillion yen. That compared with the 1.08 trillion yen average of 11 analysts’ estimates compiled by Refinitiv.

($1 = 114.7000 yen)

(Reporting by Makiko Yamazaki; Editing by Kim Coghill)

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