Erste cuts MUFG forecast to USD 1.62 for MUFG stock

Published on 10/02/2026 at 14:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 net income reached JPY 809.40 billion versus JPY 633.40 billion estimates. MUFG stock costs EUR 20.15 on October 2, 2026 versus EUR 20.00.

MUFG, US6068221042, Illustration mit AI erstellt.

Mitsubishi UFJ Financial Group (US6068221042) was trading at EUR 20.15 at Lang & Schwarz on October 2, 2026 at 2:01 p.m. CEST. According to MarketBeat, Erste Group Bank cut its fiscal 2027 earnings-per-share forecast from USD 1.64 to USD 1.62 on September 18, 2026, while retaining a Buy rating.

Forecast cut follows strong quarter

The forecast change came after MUFG's first quarter of fiscal year ending March 2027. LiveNews reported on August 4, 2026, that net income reached JPY 809.40 billion in the three months ended June 30, 2026, up 48.00 percent from a year earlier and above the JPY 633.40 billion analyst estimate.

The comparison matters because the result exceeded the average estimate by JPY 176.00 billion, or 27.79 percent. MUFG's latest financial information is identified as the first quarter of fiscal year ending March 2027 on its investor-relations page.

NYSE valuation stays below yearly high

The US listing adds a clear valuation reference. MUFG was last at USD 22.62 on the NYSE on October 1, 2026 at 4:00 p.m. ET, with a market capitalization of USD 255.1 billion and a 52-week range of USD 14.62 to USD 24.26. The price stood 6.76 percent below the yearly high.

MarketBeat said the current-year consensus earnings-per-share estimate was USD 1.59, below Erste's USD 1.62 fiscal 2027 forecast. That gap leaves the forecast revision as a useful counterweight to the strong quarterly profit comparison, especially because the analyst change was a reduction rather than an increase.

Next results date approaches

GetSignal lists November 13, 2026, as the next MUFG earnings date and identifies the upcoming report as the second quarter of fiscal year 2027. The report will offer the next quantified test of whether the first-quarter profit pace is continuing.

Euro quote and NYSE context

MUFG was trading at EUR 20.15 at Lang & Schwarz on October 2, 2026 at 2:01 p.m. CEST, plus 0.75 percent versus the prior close of EUR 20.00 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of MUFG stock.