Mizuho Profit Doubles to Beat Estimates as Bad Loan Costs Fall
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Mizuho Financial Group Inc.’s profit more than doubled on smaller bad loan costs and bigger gains on the sale of cross shareholdings.
Net income at Japan’s third-largest bank came in at 209.3 billion yen ($1.6 billion) for the quarter ended Dec. 31, according to Bloomberg calculations based on nine-month results released Thursday. That compares with the 135.6 billion yen average estimated by five analysts.