Japan's 3 megabanks have posted strong earnings gains for the first 3 quarters of this fiscal year. Higher stock prices were behind the surge in profits.
Mitsubishi UFJ Financial Group reported a net profit of some 7.7 billion dollars for the April-to-December period. Net profits climbed 47-and-a-half percent in yen terms from a year earlier.
Sumitomo Mitsui Financial Group earned 6.9 billion dollars, up 28 percent. Mizuho Financial Group's profits rose nearly 44 percent to about 5.5 billion dollars.
Sumitomo and Mizuho's profits were the highest since the 2008 global financial crisis.
Source: NHK
