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FINANCIALS: Mizuho: 1Q24 Headlines Positive, Rate Hike Important, Too

FINANCIALS

Mizuho Financial (MIZUHO: A1/A-) 1Q24 (3M to Jun-24) headlines appear positive with a good revenue beat and credit costs a fraction of consensus (at JPY1.4bn release, cons: 28.3bn charge, 1Q23: 27.3bn). Its EUR bond spreads have done very little since last results (20-May) nor over the last month and the overnight rate hike in Japan will, of course, be supportive to revenues from here.

  • “*Mizuho Financial 1Q Rev Y2.38T Vs Y1.86T
  • *Mizuho Financial 1Q Pretax Pft Y354.38B Vs Pft Y294.20B

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