Mizuho Financial Group, Inc. (NYSE:MFG) is one of the best low-priced stocks to buy right now. On July 31, the company delivered solid first-quarter fiscal 2025 results, affirming underlying growth. Adjusted earnings totaled J¥115.91 per share, higher than an EPS of ¥114.14 delivered in the same quarter last year. Earnings also topped consensus estimates of ¥98.33 per share.
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The adjusted earnings increase was driven by a 6.4% increase in revenue to ¥912.23 billion, which exceeded consensus estimates of ¥788.22 billion. Mizuho Financials’ Q2 results were bolstered by a 41.6% increase in income to ¥328.71 billion, asserting a strong recovery from the decline in the same quarter last year.
The company has revised its earnings estimates for the fiscal year 2025. It now expects a 15.1% increase in profit attributable to the owners of the parent to ¥1.02 billion. The company remains focused on leveraging its strengths in integrated financial services to meet the diverse needs of its customers.
Mizuho Financial Group, Inc. (NYSE:MFG) is a major Japanese financial institution that provides a wide range of financial products and services. It operates as a holding company with subsidiaries focused on banking, trust banking, securities, and other financial areas. Mizuho is known for its global reach, serving both individual and corporate clients worldwide.
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Disclosure: None. This article is originally published at Insider Monkey.