Japan’s Big Three banks see big profit lift in December quarter

TOKYO - The profit of Japan's three biggest banks — Sumitomo Mitsui Financial Group, Mizuho Financial Group. and Mitsubishi UFJ Financial Group  — jumped 22.3% on-year for the quarter ended December. 31, 2014. The banks posted combined fiscal third-quarter net income attributable to parents of ¥718.86 billion, compared to ¥587.61 billion in the year-earlier period.

A new report by SNL Financial says Mitsubishi UFJ recorded the highest quarterly growth at 36.5%. Most of that growth came from non-interest income, which shot up by 36%; the major contributors were revenue from fees and commissions and trading assets.
The company's tangible equity and ROAA ratios for the third quarter were the highest in the group at 5.42% and 0.57%, respectively. www.SNLAsiaPacific.com (ATI).