TOKYO – Mitsubishi UFJ – Financial Group Inc (MUFG) – Japan’s biggest lender, reported Monday a 64.4% decrease in net profits for the fourth quarter.

MUFG controls about 20% of Wall Street Banks Morgan Stanley According to Reuters calculations based upon the bank’s filing, (NYSE:) posted a profit in March of 60.4 billion yen (467.71 millions).

A banking group stated that it expected one trillion Japanese yen to be net income this year.

Refinitiv Eikon Data showed that 13 forecasters had an average of 1.06 trillion Yuan.

($1 = 129.1400 yen)