How Will the Market React to Mizuho Financial Group Inc (MFG) Stock Getting a Bullish Rating

Mizuho Financial Group Inc (MFG) stock has fallen 2.02% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Mizuho Financial Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MFG!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With MFG Stock Today?

Mizuho Financial Group Inc (MFG) stock has fallen -2.72% while the S&P 500 has gained 0.25% as of 10:29 AM on Wednesday, Nov 29. MFG has fallen -$0.10 from the previous closing price of $3.49 on volume of 169,170 shares. Over the past year the S&P 500 is up 15.20% while MFG has gained 40.50%. MFG lost -$0.01 per share in the over the last 12 months.

More About Mizuho Financial Group Inc

Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2021, Mizuho's market share of domestic loans was 6.9%, compared with 7.0% for SMFG and 8.3% for MUFG. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers that own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations. Click Here to get the full Stock Report for Mizuho Financial Group Inc stock.