Mitsubishi UFJ Financial Group Inc (MTU) Downgraded by Zacks Investment Research

April 1, 2016 7:10 PM

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Mitsubishi UFJ Financial Group Inc (NYSE:MTU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday, Analyst Ratings Net reports.

According to Zacks, “Mitsubishi UFJ’s profits attributable to owners of parent for fiscal nine months (ended Dec 31, 2015) decreased year over year. Increase in general and administrative (G&A) expenses and decreased gross profits were recorded. Though Mitsubishi UFJ’s strong business model and dive...

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