Mizuho Financial is awarded a Buy rating due to its bottom-line growth and ROE expansion for the recent quarter. MFG's EPS grew by +18% YoY in Q1 FY 2024, as its banking business unit benefited from higher interest rates in Japan. The company's ROE improved to 8.0% for the first quarter of fiscal 2024, which means it is on track to meet its FY 2025 ROE goal of above 8%.
Investors interested in stocks from the Banks - Foreign sector have probably already heard of Mizuho (MFG) and ICICI Bank Limited (IBN). But which of these two stocks is more attractive to value investors?