MFG Stock Summary and Trading Ideas (Mizuho Financial Group Sponosred ADR (Japan) | NYSE:MFG)

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 2023, Mizuho's market share of domestic loans was 6.7%, compared with 7.1% for SMFG and 8.1% 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 Sponosred ADR (Japan) trades on the NYSE stock market under the symbol MFG.

As of April 18, 2024, MFG stock price climbed to $3.84 with 839,130 million shares trading.

MFG has a beta of 0.51, meaning it tends to be less sensitive to market movements. MFG has a correlation of 0.05 to the broad based SPY ETF.

MFG has a market cap of $48.68 billion. This is considered a Large Cap stock.

In the last 3 years, MFG stock traded as high as $4.32 and as low as $2.10.

The top ETF exchange traded funds that MFG belongs to (by Net Assets): AVDE, APIE, AVIV, AVSD, GSIB.

MFG has outperformed the market in the last year with a price return of +27.6% while the SPY ETF gained +22.2%. MFG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +10.3% and -1.0%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

MFG support price is $3.74 and resistance is $3.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MFG stock will trade within this expected range on the day.