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Japan Banks Seen Reporting Gains in Fees, Overseas Lending

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Mitsubishi UFJ Financial Group Inc. probably led a slight increase in first-quarter profit at Japan’s biggest banks as gains in fee income and overseas lending made up for shrinking loan profitability at home.

Combined net income at Mitsubishi UFJ, Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. rose 1 percent to 632.1 billion yen ($5.1 billion) in the three months ended June, according to the average estimate of six analysts surveyed by Bloomberg before earnings reports due July 31.