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Bank finance asian bank finance stocks saw strength

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Asian bank finance stocks saw strength, with Mitsubishi UFJ Financial Group up 1.5%, driven by robust corporate lending beats. Yen depreciation has amplified profit forecasts for the quarter. “What we are waiting for now is for the World Bank to give us the formal proposal. Maybe the study would take around three to four months, but at least on the side of the Philippine government, we’re okay to entertain their proposal of extending us a loan,” Mr. Aguda said. Have a read of the narrative in full and understand what's behind the forecasts. Canadian bank finance leaders posted mixed results; RBC dipped 0.3% on mortgage growth slowdown, while TD Bank gained 0.7% from strong retail business expansion. Investors eye BoC’s next rate move for guidance.