MUFG Stock Summary and Trading Ideas (Mitsubishi Ufj Finl Gr | NYSE:MUFG)

Mitsubishi UFJ Financial Group is the largest bank in Japan in terms of market capitalization and assets, with an 8.1% share of all domestic loans as of March 2023. It is the largest non-Chinese bank group globally and has a balance sheet slightly larger than those of JPMorgan Chase and HSBC Holdings. MUFG's operations in Japan account for around half of profit, banking in Thailand and Indonesia for around 15%, and equity-method earnings from Morgan Stanley most of the rest.

Mitsubishi Ufj Finl Gr trades on the NYSE stock market under the symbol MUFG.

As of May 13, 2024, MUFG stock price declined to $10.28 with 2,131,189 million shares trading.

MUFG has a beta of 0.64, meaning it tends to be less sensitive to market movements. MUFG has a correlation of 0.10 to the broad based SPY ETF.

MUFG has a market cap of $120.82 billion. This is considered a Large Cap stock.

In the last 3 years, MUFG stock traded as high as $11.22 and as low as $4.31.

The top ETF exchange traded funds that MUFG belongs to (by Net Assets): PID, AVDE, DFIV, APIE, IDVO.

MUFG has outperformed the market in the last year with a price return of +61.6% while the SPY ETF gained +27.8%. MUFG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +9.4% and +3.7%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

MUFG support price is $10.20 and resistance is $10.42 (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 MUFG stock will trade within this expected range on the day.