Mitsubishi UFJ Financial Group Inc. probably led a slight increase in first-quarter profit at Japan’s biggest banks as gains in fee income and overseas lending made up for shrinking loan profitability at home.
Combined net income at Mitsubishi UFJ, Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. rose 1 percent to ¥632.1 billion ($5.1 billion) in the three months to June, according to the average estimate of six analysts surveyed by Bloomberg before earnings reports due Friday.
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