Investors already learned about the recovery in Japan's banking industry and the Mizuho sale gives them another investment opportunity. |
Sumitomo Mitsui stock outperformed even after the offer was announced. That means investors are confident in the bank's business outlook. |
That means Tokyo Star is seen as an average regional bank and that's why the shares fell below the offer price. |
The bank has a clear strategy focusing on consumer loans charging higher interest rates. That should help raise its profitability. |
The sale is probably the last one by a major bank, making it positive for the banking stocks overall. |
They need to change their corporate culture to fit into the local market. |