Mizuho Financial To Increase Stake In Nikko Cordial? [View article]
Nice call John. This is an excellent time for Mizuho to make an investment in Nikko Cordial. Domestic trading and i-banking activity is obviously competitive in JP (with an ever greater importance on overseas deals even as the domestic market is viewed as robust for deal making, esp. ahead of the allowance of the triangular merger system from May) and any scale / market share Mizuho can acquire on the cheap is a bonus. One thing I'd be considered about is a loss of credibility / image at Nikko that would hurt its competitiveness.
Mizuho Financial Group ADRs Begin Trading on NYSE Today [View article]
Not much action on Mizuho with volume reported at 71,700 as of about 2:30pm. It opened at $14.90, traded as high as $15.35, and currently is quoted at $14.90. The intra-day low is $14.80. Based on exchange rate fluctuation, it looks like the ADRs are trading at about 0.5% premium, likely a result of a small rally expected tonight, when the market opens in Japan.
Mizuho Financial To Increase Stake In Nikko Cordial? [View article]
Mizuho Financial Group ADRs Begin Trading on NYSE Today [View article]