Shares of Mizuho Financial Group Inc. Sponosred ADR (Japan) (NYSE:MFG) traded at a new 52-week high today of $3.17. So far today approximately 73,000 shares have been exchanged, as compared to an average 30-day volume of 415,000 shares.
Based on a current price of $3.16, Mizuho Financial Group Inc. Sponosred ADR (Japan) is currently 2.6% above its average consensus analyst price target of $3.08.
In the past 52 weeks, Mizuho Financial Group Inc. Sponosred ADR (Japan) share prices are bracketed by a low of $2.03 and a high of $3.17 and is now at $3.16, 56% 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.
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