Per LSEG, Mizuho Financial Group, Inc. (MFG - Free Report) secured the last position among the top ten global investment banks (IB) in 2023. The company aims to remain in the league table in the upcoming period. Per a Reuters article, head of Mizuho's global IB division, Naoki Takahashi, stated in an interview, "We believe we can keep our position in the top 10."
The major factor, which will likely support MFG’s top position, is the acquisition of Greenhill, a mergers-and-acquisitions (M&A) and restructuring advisory firm, in early December of 2023. Further, the company was one of the lead investment bankers involved in the underwriting of Britain-based semiconductor company Arm Limited’s initial public offering last year.
The last time a Japan-based firm appeared in the top ten league table was back in 2010, when Nomura Holdings occupied the ninth spot. The top positions are mostly dominated by global banks like The Goldman Sachs Group, Inc. (GS - Free Report) and JPMorgan Chase & Co.(JPM - Free Report) . Both GS and JPM have been occupying the top two positions in the table since the last two years.Takahashi stated, "We want to challenge the dominance of bulge-bracket banks."
Per Reuters, Mizuho's M&A advisory business strategy is different from its domestic rivals, including Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group, as these banks partner Morgan Stanley and Jefferies Financial Group, respectively, through minority investments.
The acquisition of Greenhill is expected to accelerate MFG’s M&A advisory platform, including the U.S. and Europe markets. Such enhanced capabilities are likely to provide MFG with better deals abroad, thus giving it an advantage over its rivals.
MFG’s shares have gained 7.3% on NYSE in the past three months compared with the industry’s 5.5% growth.
MFG presently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Per LSEG, Mizuho Financial Group, Inc. (MFG - Free Report) secured the last position among the top ten global investment banks (IB) in 2023. The company aims to remain in the league table in the upcoming period. Per a Reuters article, head of Mizuho's global IB division, Naoki Takahashi, stated in an interview, "We believe we can keep our position in the top 10."
The major factor, which will likely support MFG’s top position, is the acquisition of Greenhill, a mergers-and-acquisitions (M&A) and restructuring advisory firm, in early December of 2023. Further, the company was one of the lead investment bankers involved in the underwriting of Britain-based semiconductor company Arm Limited’s initial public offering last year.
The last time a Japan-based firm appeared in the top ten league table was back in 2010, when Nomura Holdings occupied the ninth spot. The top positions are mostly dominated by global banks like The Goldman Sachs Group, Inc. (GS - Free Report) and JPMorgan Chase & Co.(JPM - Free Report) . Both GS and JPM have been occupying the top two positions in the table since the last two years.Takahashi stated, "We want to challenge the dominance of bulge-bracket banks."
Per Reuters, Mizuho's M&A advisory business strategy is different from its domestic rivals, including Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group, as these banks partner Morgan Stanley and Jefferies Financial Group, respectively, through minority investments.
The acquisition of Greenhill is expected to accelerate MFG’s M&A advisory platform, including the U.S. and Europe markets. Such enhanced capabilities are likely to provide MFG with better deals abroad, thus giving it an advantage over its rivals.
MFG’s shares have gained 7.3% on NYSE in the past three months compared with the industry’s 5.5% growth.
MFG presently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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