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NYSE:SMFG

Sumitomo Mitsui Financial Group - SMFG Stock Forecast, Price & News

$8.78
-0.01 (-0.11%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$8.72
$8.79
50-Day Range
$6.52
$9.03
52-Week Range
$5.39
$9.04
Volume
3.15 million shs
Average Volume
4.20 million shs
Market Capitalization
$60.35 billion
P/E Ratio
9.87
Dividend Yield
3.19%
Price Target
N/A

Sumitomo Mitsui Financial Group MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.07% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
5.81%
From $0.86 to $0.91 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Finance Sector

510th out of 891 stocks

Commercial Banks, Not Elsewhere Classified Industry

22nd out of 35 stocks


SMFG stock logo

About Sumitomo Mitsui Financial Group (NYSE:SMFG) Stock

Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through four segments: Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit. The Wholesale Business Unit segment offers financing, investment management, risk hedging, and settlement services, as well as financial solutions related to mergers and acquisition, and other advisory services primarily for large, mid, and small-sized corporate clients; various leasing services, including equipment, and operating and leveraged leasing; and digital services, such as robotic process automation and electronic contract services. The Retail Business Unit segment offers wealth management, settlement, consumer finance, and housing loan products and services, as well as business and asset succession services to high-net-worth customers. The Global Business Unit segment offers loans, deposits, clearing services, trade finance, project finance, loan syndication, derivatives, and cash management services; underwriting services; and leasing services related to the construction machinery, transportation equipment, industrial machinery, medical equipment, and aircraft leasing. The Global Markets Business Unit segment offers solutions through foreign exchange products, derivatives, bonds, stocks, and other marketable financial products. It also undertakes asset liability management operations. The company also offers credit card, internet banking, system development and engineering, data processing, management consulting and economic research, and investment advisory and investment trust management services. Sumitomo Mitsui Financial Group, Inc. was incorporated in 2002 and is headquartered in Tokyo, Japan.

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SMFG Stock News Headlines

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SMFG Company Calendar

Last Earnings
11/14/2022
Today
1/26/2023
Next Earnings (Estimated)
2/01/2023
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
101,000
Year Founded
2001

Profitability

Net Income
$4.54 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$36.62 billion
Cash Flow
$1.50 per share
Book Value
$16.60 per share

Miscellaneous

Outstanding Shares
6,873,456,000
Free Float
6,870,019,000
Market Cap
$60.35 billion
Optionable
Optionable
Beta
0.68

Social Links


Key Executives

  • Mr. Jun Ohta (Age 65)
    Pres, Group CEO & Director
    Comp: $1.1M
  • Mr. Toshikazu Yaku (Age 61)
    Deputy Pres, Representative Exec. Officer & Group CHRO
    Comp: $589.76k
  • Mr. Masahiko Oshima (Age 63)
    Deputy Pres, Representative Exec. Officer & Co-Head of Wholesale Bus. Unit
    Comp: $589.76k
  • Mr. Toru Nakashima (Age 60)
    Sr. Managing Exec. Officer, Group CFO, CSO & Director
  • Jun Okahashi
    Gen. Mang. of Financial & Accounting Department
  • Jun Uchikawa (Age 58)
    Sr. Managing Corp. Exec. Officer, Group CIO & GM of IT Planning Dept.
  • Mr. Kohei Ohashi
    SVP (IR Department)
  • Yoshihiro Hyakutome (Age 58)
    Sr. Managing Exec. Officer & Group Chief Compliance Officer
  • Mr. Katsunori Tanizaki (Age 66)
    Sr. Managing Corp. Exec. Officer & Group CDIO
  • Mr. Takeshi Mikami (Age 57)
    Sr. Managing Corp. Exec. Officers & Group CAE













SMFG Stock - Frequently Asked Questions

Should I buy or sell Sumitomo Mitsui Financial Group stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sumitomo Mitsui Financial Group in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SMFG shares.
View SMFG analyst ratings
or view top-rated stocks.

How have SMFG shares performed in 2023?

Sumitomo Mitsui Financial Group's stock was trading at $8.02 at the beginning of 2023. Since then, SMFG stock has increased by 9.5% and is now trading at $8.78.
View the best growth stocks for 2023 here
.

Are investors shorting Sumitomo Mitsui Financial Group?

Sumitomo Mitsui Financial Group saw a increase in short interest in December. As of December 30th, there was short interest totaling 5,490,000 shares, an increase of 21.5% from the December 15th total of 4,520,000 shares. Based on an average trading volume of 3,450,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.1% of the shares of the company are short sold.
View Sumitomo Mitsui Financial Group's Short Interest
.

When is Sumitomo Mitsui Financial Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our SMFG earnings forecast
.

How were Sumitomo Mitsui Financial Group's earnings last quarter?

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) issued its earnings results on Monday, November, 14th. The bank reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.12. The bank earned $11.48 billion during the quarter. Sumitomo Mitsui Financial Group had a trailing twelve-month return on equity of 6.88% and a net margin of 15.13%.

Is Sumitomo Mitsui Financial Group a good dividend stock?

Sumitomo Mitsui Financial Group (NYSE:SMFG) pays an annual dividend of $0.28 per share and currently has a dividend yield of 3.19%. The dividend payout ratio is 31.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SMFG will have a dividend payout ratio of 30.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SMFG.

What is Takeshi Kunibe's approval rating as Sumitomo Mitsui Financial Group's CEO?

102 employees have rated Sumitomo Mitsui Financial Group Chief Executive Officer Takeshi Kunibe on Glassdoor.com. Takeshi Kunibe has an approval rating of 89% among the company's employees.

What other stocks do shareholders of Sumitomo Mitsui Financial Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sumitomo Mitsui Financial Group investors own include AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Pfizer (PFE), Visa (V), Chevron (CVX), Gilead Sciences (GILD), Wells Fargo & Company (WFC), AbbVie (ABBV) and Enterprise Products Partners (EPD).

What is Sumitomo Mitsui Financial Group's stock symbol?

Sumitomo Mitsui Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMFG."

Who are Sumitomo Mitsui Financial Group's major shareholders?

Sumitomo Mitsui Financial Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Anderson Hoagland & Co. (0.01%), Crossmark Global Holdings Inc. (0.01%), Gilman Hill Asset Management LLC (0.01%), Greenleaf Trust (0.00%), Veriti Management LLC (0.00%) and Connective Portfolio Management LLC (0.00%).

How do I buy shares of Sumitomo Mitsui Financial Group?

Shares of SMFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sumitomo Mitsui Financial Group's stock price today?

One share of SMFG stock can currently be purchased for approximately $8.78.

How much money does Sumitomo Mitsui Financial Group make?

Sumitomo Mitsui Financial Group (NYSE:SMFG) has a market capitalization of $60.35 billion and generates $36.62 billion in revenue each year. The bank earns $4.54 billion in net income (profit) each year or $0.89 on an earnings per share basis.

How many employees does Sumitomo Mitsui Financial Group have?

The company employs 101,000 workers across the globe.

How can I contact Sumitomo Mitsui Financial Group?

Sumitomo Mitsui Financial Group's mailing address is 1-2 MARUNOUCHI 1-CHOME CHIYODA-KU, TOKYO M0, 100-0005. The official website for the company is www.smfg.co.jp. The bank can be reached via phone at (133) 282-8111 or via fax at 813-4333-9954.

This page (NYSE:SMFG) was last updated on 1/27/2023 by MarketBeat.com Staff