MUFG to Buy Back $2.6 Billion of Its Shares After Profit Triples

11/14/2023 15:09
MUFG to Buy Back $2.6 Billion of Its Shares After Profit Triples

Mitsubishi UFJ Financial Group Inc. announced a $2.6 billion share buyback after profit jumped in the second quarter.

Mitsubishi UFJ Financial Group Inc. announced a $2.6 billion share buyback after profit jumped in the second quarter.

Net income tripled from a year earlier to 368.9 billion yen ($2.4 billion) in the three months ended Sept. 30, according to calculations by Bloomberg based on six-month results released by Japan’s biggest bank on Tuesday.

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