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

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.

Sumitomo Mitsui Financial Group Trading Up 0.5 %

NYSE:SMFG opened at $6.25 on Friday. The company has a fifty day simple moving average of $6.00 and a two-hundred day simple moving average of $6.41. The stock has a market cap of $42.84 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.52 and a beta of 0.74. Sumitomo Mitsui Financial Group has a 12-month low of $5.70 and a 12-month high of $7.74. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.48.

Sumitomo Mitsui Financial Group (NYSE:SMFG - Get Rating) last posted its quarterly earnings results on Friday, July 29th. The bank reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $10.28 billion during the quarter. Sumitomo Mitsui Financial Group had a net margin of 16.86% and a return on equity of 6.84%. On average, analysts forecast that Sumitomo Mitsui Financial Group will post 0.82 earnings per share for the current year.

Analysts Set New Price Targets

SMFG has been the subject of a number of analyst reports. Bank of America raised shares of Sumitomo Mitsui Financial Group from a "neutral" rating to a "buy" rating in a research report on Thursday, June 23rd. The Goldman Sachs Group initiated coverage on shares of Sumitomo Mitsui Financial Group in a research report on Wednesday, April 27th. They set a "buy" rating for the company. Finally, StockNews.com cut shares of Sumitomo Mitsui Financial Group from a "buy" rating to a "hold" rating in a research report on Sunday, May 29th.