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Sumitomo Mitsui FinancialNYSE: SMFG

Profile

Country:

Japan

IPO:

27 January 2006

Next earnings report:

14 November 2024

Last dividends:

27 March 2024

Next dividends:

N/A
$83.30 B
-12%vs. 3y high
98%vs. sector
-15%vs. 3y high
35%vs. sector
-11%vs. 3y high
30%vs. sector
-12%vs. 3y high
43%vs. sector

Price

after hours | Fri, 01 Nov 2024 22:40:00 GMT
$12.77+$0.06(+0.47%)
$7.60 B$2.38 B

Analysts recommendations

$1876.57 B$1782.80 B

Institutional Ownership

SMFG Latest News

SMFG or HDB: Which Is the Better Value Stock Right Now?
zacks.com26 September 2024 Sentiment: POSITIVE

Investors with an interest in Banks - Foreign stocks have likely encountered both Sumitomo Mitsui (SMFG) and HDFC Bank (HDB). But which of these two stocks is more attractive to value investors?

All You Need to Know About Sumitomo Mitsui (SMFG) Rating Upgrade to Strong Buy
zacks.com16 September 2024 Sentiment: POSITIVE

Sumitomo Mitsui (SMFG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

SMFG or HDB: Which Is the Better Value Stock Right Now?
zacks.com09 September 2024 Sentiment: POSITIVE

Investors with an interest in Banks - Foreign stocks have likely encountered both Sumitomo Mitsui (SMFG) and HDFC Bank (HDB). But which of these two stocks offers value investors a better bang for their buck right now?

SMFG vs. IBN: Which Stock Is the Better Value Option?
zacks.com21 August 2024 Sentiment: NEUTRAL

Investors interested in Banks - Foreign stocks are likely familiar with Sumitomo Mitsui (SMFG) and ICICI Bank Limited (IBN). But which of these two companies is the best option for those looking for undervalued stocks?

Recent Price Trend in Sumitomo Mitsui (SMFG) is Your Friend, Here's Why
zacks.com23 July 2024 Sentiment: POSITIVE

Sumitomo Mitsui (SMFG) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Sumitomo Mitsui (SMFG) is a Great Momentum Stock: Should You Buy?
Zacks Investment Research11 March 2024 Sentiment: POSITIVE

Does Sumitomo Mitsui (SMFG) have what it takes to be a top stock pick for momentum investors? Let's find out.

Sumitomo Mitsui (SMFG) Mulls to Expand Jefferies Alliance in Asia
Zacks Investment Research27 February 2024 Sentiment: POSITIVE

Sumitomo Mitsui (SMFG) considers further widening its alliance with Jefferies into Asia to compete with its rivals. Also, the bank aims for three successive years of record net profit.

Sumitomo Mitsui Financial: A Bright Future Ahead (Rating Upgrade)
Seeking Alpha25 February 2024 Sentiment: POSITIVE

Japan's asset management industry has favorable growth prospects, and this puts a leading financial services player like Sumitomo Mitsui Financial in a good position to increase its future fee income. SMFG's net interest income growth outlook is positive, considering the reasonably high probability of Japan initiating a rate hike in the near term. My investment rating for SMFG is upgraded to a Buy, as I think that the stock doesn't deserve to trade at a significant discount to book value.

Sumitomo Mitsui Financial Group: Potential Diversification Play Is Not Attractive Enough
Seeking Alpha30 June 2023 Sentiment: NEGATIVE

Sumitomo Mitsui Financial Group, a Japanese bank with over $2 trillion in assets, offers potential diversification due to its high exposure to Japan, but its lower than average dividend yield and fair valuation make it less attractive for investment. The bank has a conservative lending approach and a low-risk balance sheet, with a sizable equity portfolio of Japanese equities that it plans to reduce to decrease earnings volatility. Despite its stable profile and conservative risk culture, Sumitomo's financial performance has been relatively stable over the past few years due to low growth prospects. Its return on equity ratio is only 6.5%, a relatively low level of profitability.

Sumitomo Mitsui Financial Group Aims For Streamlined Growth And Remains Undervalued
Seeking Alpha28 June 2023 Sentiment: POSITIVE

Sumitomo Mitsui Financial Group has reported a 39.51% YoY increase in Q1 revenues, reaching $13.66bn, despite a 57.25% decline in net income. The bank's strategy focuses on becoming a leaner, streamlined business with a focus on digitalization and geographic expansion across Asia and the US. The bank is currently undervalued, with a net present value of $9.28 compared to its current price of $8.40, according to a discounted cash flow valuation. This undervaluation is also supported by Alpha Spread's intrinsic valuation, which calculates a base case fair value of $17.14. However, SMFG faces potential risks including shifts in domestic monetary policy, global economic slowdown, and recessionary pressures. Despite these challenges, the bank's transformation into a leaner business and geographic expansion strategy are expected to enable long-term margin expansion and scale accretion.

What type of business is Sumitomo Mitsui Financial?

Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments. The Wholesale Business Unit segment offers bilateral loans, syndicated loans, commitment lines, structured finance, project finance, and nonrecourse loans; deposits and investment trusts; risk hedging services, including forward exchange contracts and derivatives; stand-by credit, performance bond and credit guarantee services; remittance, cash management, trade finance, and supply chain finance services; merger and acquisition, and other advisory services; digital services; and equipment, operating and leveraged leasing services. The Retail Business Unit segment provides wealth management services, such as time deposits and foreign currency deposits, investment trusts, equities, bonds, insurance products, and trust services; credit card, installment, and transaction services; and consumer finance and housing loans. The Global Business Unit segment offers loans, deposits, clearing services, trade finance, project finance, loan syndication, derivatives, and global cash management services; equity and fixed income sales and trading, and underwriting services; and construction machinery, transportation equipment, industrial machinery, medical equipment, and other leasing services. The Global Markets Business Unit segment provides asset liability management and portfolio management, foreign currency funding, and sales and trading services. The company offers system development, data processing, management consulting, economic research, and asset management services. Sumitomo Mitsui Financial Group, Inc. was incorporated in 2002 and is headquartered in Tokyo, Japan.

What sector is Sumitomo Mitsui Financial in?

Sumitomo Mitsui Financial is in the Financial Services sector

What industry is Sumitomo Mitsui Financial in?

Sumitomo Mitsui Financial is in the Banks - Diversified industry

What country is Sumitomo Mitsui Financial from?

Sumitomo Mitsui Financial is headquartered in Japan

When did Sumitomo Mitsui Financial go public?

Sumitomo Mitsui Financial initial public offering (IPO) was on 27 January 2006

What is Sumitomo Mitsui Financial website?

https://www.smfg.co.jp

Is Sumitomo Mitsui Financial in the S&P 500?

No, Sumitomo Mitsui Financial is not included in the S&P 500 index

Is Sumitomo Mitsui Financial in the NASDAQ 100?

No, Sumitomo Mitsui Financial is not included in the NASDAQ 100 index

Is Sumitomo Mitsui Financial in the Dow Jones?

No, Sumitomo Mitsui Financial is not included in the Dow Jones index

When was Sumitomo Mitsui Financial the previous earnings report?

No data

When does Sumitomo Mitsui Financial earnings report?

The next expected earnings date for Sumitomo Mitsui Financial is 14 November 2024