Shares of Mizuho Financial Group Inc. Sponosred ADR (Japan) (NYSE:MFG) traded at a new 52-week high today of $3.18. This new high was reached on below average trading volume as 118,000 shares traded hands, while the average 30-day volume is approximately 422,000 shares.
In the past 52 weeks, shares of Mizuho Financial Group Inc. Sponosred ADR (Japan) have traded between a low of $2.04 and a high of $3.18 and is now at $3.15, which is 54% above that low price.
Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan’s second-largest bank after Mitsubishi UFJ Financial Group. As of March, Mizuho’s market share of domestic loans was 7.7%, compared with 7.1% for SMFG and 8.7% for MUFG. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers that own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.
Mizuho Financial Group Inc. Sponosred ADR (Japan) (NYSE:MFG) is currently priced 2.2% above its average consensus analyst price target of $3.08.
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