MUFG Profit Rises as BOJ’s Rate Increases Bolster Lending Income

Mitsubishi UFJ Financial Group Inc.’s profit rose in the third quarter as higher interest rates boosted lending income.

Net income climbed 6% from a year earlier to ¥520.6 billion ($3.3 billion) in the three months ended Dec. 31, according to calculations based on nine-month results released Wednesday. That beat the ¥505.1 billion average estimate by five analysts compiled by Bloomberg.