Sumitomo Mitsui Financial Group, Inc. (SMFG)
| Market Cap | 91.09B |
| Revenue (ttm) | 29.02B |
| Net Income (ttm) | 7.48B |
| Shares Out | 3.91B |
| EPS (ttm) | 1.90 |
| PE Ratio | 12.17 |
| Forward PE | n/a |
| Dividend | $0.35 (2.50%) |
| Ex-Dividend Date | Mar 27, 2024 |
| Volume | 669,179 |
| Open | 13.98 |
| Previous Close | 14.21 |
| Day's Range | 13.90 - 14.03 |
| 52-Week Range | 9.16 - 14.53 |
| Beta | 0.56 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Nov 14, 2024 |
About SMFG
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 se... [Read more]
Financial Performance
In 2023, SMFG's revenue was 3.55 trillion, a decrease of -0.37% compared to the previous year's 3.57 trillion. Earnings were 873.35 billion, a decrease of -4.22%.
Financial numbers in JPY Financial StatementsNews
SMBC MANUBANK Announces Multiple Key Hires Across Credit, Accounting, and Technology Functions to Support Growth
LOS ANGELES--(BUSINESS WIRE)--Bank welcomes Michael Trivich, MD, Chief Credit Officer; Monica Sparks, ED, Chief Accounting Officer; & Jeff Jones, MD, Chief Information Officer.
Sumitomo Mitsui: Many Ways To Win
Sumitomo Mitsui's fundamentals remain robust. The macro overhang is slowly clearing as well. A stubborn book value discount keeps the risk/reward very favorable.
Jefferies Announces that Toru Nakashima, President and Group CEO of SMFG, Has Been Appointed to the Jefferies Board of Directors
NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group, Inc. (NYSE: JEF) (“Jefferies”) today announced the appointment of the Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) (“SMFG”) President and Gr...
Sumitomo Mitsui: Spotlight On Above-Expectation Earnings And Positive ROE Outlook
SMFG's Q1 EPS rose by +52.5% YoY as a result of higher net interest income and a lower credit cost. The favorable updates for Sumitomo Mitsui's net interest income guidance and cross-shareholdings red...
SMBC Hires Brian Reed to Lead Industrials Group as Americas Expansion Continues
NEW YORK--(BUSINESS WIRE)--The Sumitomo Mitsui Banking Corporation (SMBC) Americas Division today announced that Brian Reed has joined the bank to lead the Industrials Group as SMBC's expansion contin...
Jenius Bank Report Shows the Impact of Finances on Mental Health
LOS ANGELES--(BUSINESS WIRE)--Jenius Bank, the digital banking division of SMBC MANUBANK and a member of the SMBC Group, today unveiled the findings of its new survey, The Mind-Money Connection: How M...
Jenius Bank Surpasses $1 Billion in Deposits
LOS ANGELES--(BUSINESS WIRE)--Jenius Bank™ hit a milestone last week, reaching $1 billion in deposits for its high-yield savings product.
Sumitomo Mitsui: Multiple Positives
Sumitomo Mitsui's latest fiscal year net income and its forward-looking earnings guidance were both better than what the analysts had expected. SMFG has the potential to command a higher P/B multiple,...
Jefferies and Japan's Sumitomo expand alliance into Canada
Jefferies Financial will strengthen its presence in Canada through an expanded partnership with Japan's Sumitomo Mitsui Banking Corp (SMBC), as it looks to tap into the dealmaking market in the countr...
Jefferies and SMBC Expand Strategic Alliance to Canada
NEW YORK & TORONTO--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) (“Jefferies”) and SMBC Group announced today that they have expanded their global strategic alliance to enhance collabor...
Top four dividend stocks to watch now in March 2024
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Sumitomo Mitsui Financial: A Bright Future Ahead (Rating Upgrade)
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....
Japan's SMBC hires former Credit Suisse China boss Stoehr
Japan's Sumitomo Mitsui Banking Corp (SMBC) said on Tuesday it has hired former Credit Suisse China boss Carsten Stoehr as its deputy head for the Asia Pacific region.
Goldman Sachs says it's bullish on Japan's online banks
Makoto Kuroda of Goldman Sachs names Rakuten and SSNB as banks it's positive on.
Jefferies and SMBC Expand and Strengthen Strategic Alliance, Broadening Joint Business Efforts Across EMEA
NEW YORK & LONDON--(BUSINESS WIRE)--Jefferies Financial Group, Inc. (NYSE: JEF) (“Jefferies”) and Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) (“SMFG”), Sumitomo Mitsui Banking Corporation (“SMB...
Sumitomo Mitsui Financial Group: Potential Diversification Play Is Not Attractive Enough
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...
Sumitomo Mitsui Financial Group Aims For Streamlined Growth And Remains Undervalued
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, streamli...
Sumitomo to boost its ownership stake in investment bank Jefferies to 15% from 4.5%
Sumitomo Mitsui Financial Group Inc. SMFG said Thursday it will increase its ownership stake in investment bank Jefferies Financial Group Inc. JEF to 15% from 4.5% as part of a planned expansion of th...
Jefferies and SMBC Expand and Strengthen Strategic Alliance, Broadening Joint Business Efforts and Increasing SMBC's Equity Ownership in Jefferies
NEW YORK & TOKYO--(BUSINESS WIRE)--Jefferies Financial Group, Inc. (NYSE: JEF) (“Jefferies”) and Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) (“SMFG”), Sumitomo Mitsui Banking Corporation (“SMBC...
SMBC to triple stake in Jefferies, report says
Sumitomo Mitsui Banking Corporation JP:8316 is planning to triple its stake in US investment bank Jefferies Financial Group JEF, the Financial Times reported, citing people familiar with the matter. S...
Sumitomo Mitsui Financial Group: Quite A Lot Of Foreign Bond Exposure, But Lots Of Cash
With the banking crisis being a primary concern, we point out that SMFG has quite a lot of foreign bonds which have lost meaningful value. However, we think that deposit flight is not likely in Japan....
Sumitomo Mitsui Financial Group: A More Favorable Outlook
The BoJ's shift to a tighter monetary policy should benefit Sumitomo Mitsui's domestic operations. Its recent overseas momentum also bodes well for the outlook.
SMBC Nikko Securities America, Inc. Expands Equity Execution Services Group With Several New Hires
NEW YORK--(BUSINESS WIRE)--SMBC Nikko Securities America, Inc., a member of SMBC Group, has announced a number of significant hires across the equity execution business over the past few months. The...
Financial services firm names stock picks in Japan's banking, insurance sectors
Jesper Koll of Monex Group says that when it comes to mega banks, there are "only minute differences in the overall strategy."
SMBC Nikko Securities America, Inc. Appoints Raffi Dawson as Managing Director, Head of Structured Finance Group
NEW YORK--(BUSINESS WIRE)--SMBC Nikko Securities America, Inc. Appoints Raffi Dawson as Managing Director, Head of Structured Finance Group