MUFG profit rises 48% in April–June as loan margins and trading boost earnings
Mitsubishi UFJ Financial posted 809.4 billion yen net profit in the April to June quarter, up from 546 billion yen a year earlier. Higher interest rates lifted domestic loan margins, while trading revenue and asset-management fees benefited from market volatility and record equity prices. MUFG also increased domestic government bond holdings by 1.37 trillion yen, while shortening average duration to 1.2 years.