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NYSE:SMFG

Sumitomo Mitsui Financial Group Stock Forecast, Price & News

$6.03
-0.07 (-1.15 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$6.02
Now: $6.03
$6.09
50-Day Range
$5.40
MA: $5.81
$6.23
52-Week Range
$4.49
Now: $6.03
$7.56
Volume495,263 shs
Average Volume1.81 million shs
Market Capitalization$41.40 billion
P/E Ratio7.73
Dividend Yield4.92%
Beta1.15
Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services primarily in Japan. It operates through four segments: Wholesale Business Unit, Retail Business Unit, International 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-and mid-sized corporate clients; and various leasing services, including equipment, and operating and leveraged leasing. 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 individuals and small-sized companies. The International 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 founded in 2002 and is headquartered in Tokyo, Japan.
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Sumitomo Mitsui Financial Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.94 out of 5 stars


Industry, Sector and Symbol

Industry Commercial banks, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone813-3282-8111
Employees86,400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$48.89 billion
Cash Flow$1.53 per share
Book Value$14.65 per share

Profitability

Net Income$1.95 billion

Miscellaneous

Outstanding Shares6,865,860,000
Market Cap$41.40 billion
Next Earnings Date1/29/2021 (Estimated)
OptionableOptionable
$6.03
-0.07 (-1.15 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Sumitomo Mitsui Financial Group (NYSE:SMFG) Frequently Asked Questions

How has Sumitomo Mitsui Financial Group's stock price been impacted by Coronavirus (COVID-19)?

Sumitomo Mitsui Financial Group's stock was trading at $5.53 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SMFG shares have increased by 9.0% and is now trading at $6.03.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Sumitomo Mitsui Financial Group?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sumitomo Mitsui Financial Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Sumitomo Mitsui Financial Group
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Sumitomo Mitsui Financial Group?

Wall Street analysts have given Sumitomo Mitsui Financial Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Sumitomo Mitsui Financial Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

Sumitomo Mitsui Financial Group is scheduled to release its next quarterly earnings announcement on Friday, January 29th 2021.
View our earnings forecast for Sumitomo Mitsui Financial Group
.

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

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) released its quarterly earnings data on Wednesday, July, 29th. The bank reported $0.12 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.19 by $0.07. The bank earned $9.02 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 5.75% and a net margin of 11.61%.
View Sumitomo Mitsui Financial Group's earnings history
.

How often does Sumitomo Mitsui Financial Group pay dividends? What is the dividend yield for Sumitomo Mitsui Financial Group?

Sumitomo Mitsui Financial Group announced a semi-annual dividend on Wednesday, January 22nd. Investors of record on Tuesday, March 31st will be given a dividend of $0.1655 per share on Monday, March 30th. This represents a yield of 3.9%. The ex-dividend date is Monday, March 30th.
View Sumitomo Mitsui Financial Group's dividend history
.

Who are some of Sumitomo Mitsui Financial Group's key competitors?

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).

Who are Sumitomo Mitsui Financial Group's key executives?

Sumitomo Mitsui Financial Group's management team includes the following people:
  • Mr. Jun Ohta, Pres, Group CEO & Director (Age 62)
  • Mr. Toru Nakashima, Sr. Managing Exec. Officer, Group CFO, CSO of PR Dept. & Director (Age 57)
  • Mr. Kohei Ohashi, SVP (IR Department)
  • Mr. Tetsuro Imaeda, Sr. Managing Corp. Exec. Officers & Group COO (Age 58)
  • Mr. Toshikazu Yaku, Deputy Pres, Representative Exec. Officer & Group CHRO (Age 58)
  • Mr. Haruyuki Nagata, Sr. Managing Exec. Officer, Group CRO & Director (Age 57)
  • Mr. Katsunori Tanizaki, Sr. Managing Corp. Exec. Officer & Group CDIO (Age 63)
  • Mr. Masahiko Oshima, Deputy Pres, Head of Global Bus. Unit & Representative Exec. Officer (Age 60)
  • Naoki Tamura, Sr. Managing Corp. Exec. Officer & Head of Retail Bus. Unit (Age 59)
  • Mr. Gotaro Michihiro, Deputy Pres, Representative Exec. Officer & Co-Head of Wholesale Bus. Unit (Age 61)

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 institutional and retail investors. Top institutional shareholders include Aperio Group LLC (0.12%), Morgan Stanley (0.11%), Wells Fargo & Company MN (0.10%), Crossmark Global Holdings Inc. (0.03%), US Bancorp DE (0.02%) and Arrowstreet Capital Limited Partnership (0.02%).

Which major investors are selling Sumitomo Mitsui Financial Group stock?

SMFG stock was sold by a variety of institutional investors in the last quarter, including US Bancorp DE, Arrowstreet Capital Limited Partnership, Envestnet Asset Management Inc., LPL Financial LLC, Fisher Asset Management LLC, Morgan Stanley, Wells Fargo & Company MN, and OLD Mission Capital LLC.

Which major investors are buying Sumitomo Mitsui Financial Group stock?

SMFG stock was acquired by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., Aperio Group LLC, Te Ahumairangi Investment Management Ltd, WealthStone Inc., State Street Corp, Pacer Advisors Inc., Advisor Partners LLC, and Greenleaf Trust.

How do I buy shares of Sumitomo Mitsui Financial Group?

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

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

One share of SMFG stock can currently be purchased for approximately $6.03.

How big of a company is Sumitomo Mitsui Financial Group?

Sumitomo Mitsui Financial Group has a market capitalization of $41.40 billion and generates $48.89 billion in revenue each year. The bank earns $1.95 billion in net income (profit) each year or $1.00 on an earnings per share basis. Sumitomo Mitsui Financial Group employs 86,400 workers across the globe.

What is Sumitomo Mitsui Financial Group's official website?

The official website for Sumitomo Mitsui Financial Group is www.smfg.co.jp.

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 bank can be reached via phone at 813-3282-8111.

This page was last updated on 11/29/2020 by MarketBeat.com Staff

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