TOKYO (AP) _ Mitsubishi UFJ Financial Group Inc. (MUFG) on Monday reported fiscal first-quarter net income of $3.5 billion.

The bank, based in Tokyo, said it had earnings of 27 cents per share. Earnings, adjusted to account for extraordinary items, were 24 cents per share.

The bank posted revenue of $13.74 billion in the period. Its revenue net of interest expense was $13.74 billion, exceeding Street forecasts.

MUFG shares have climbed 20% since the beginning of the year. The stock has increased 42% in the last 12 months.

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