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Mitsubishi UFJ Reaches Highest Since 2008 After Buyback

By Tony Seruga

Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. rose more than 4 percent in Tokyo trading after the Japanese banks boosted investor returns following earnings that exceeded their expectations.

Mitsubishi UFJ closed at 911.8 yen, the highest since Oct. 1, 2008. Japan’s biggest bank will spend 100 billion yen ($837 million) in its second buyback in the past year, it said Friday after annual profit exceeded 1 trillion yen for the first time…

Mitsubishi UFJ Reaches Highest Since 2008 After Buyback

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