Sumitomo Mitsui Financial Group Inc. ADR (SMFG) News
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SMFG News Highlights
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Latest SMFG News From Around the Web
Below are the latest news stories about SUMITOMO MITSUI FINANCIAL GROUP INC that investors may wish to consider to help them evaluate SMFG as an investment opportunity.
Scotiabank to Transfer Latin American Banking Operations to DaviviendaBNS agrees to transfer its Latin American banking arms to Davivienda for a roughly 20% stake. This aligns with the bank's efforts to boost efficiency. |
Sumitomo Mitsui Considers Expanding Collaboration With JefferiesSMFG plans to boost its partnership with JEF to explore new business areas such as equity trading and drive growth in the Asia-Pacific region. |
SMFG's Positive Guideline Fueled by Japan Companies Global Expansion and Higher Interest RatesStrong Q2 Results Driven by Equity Sales and Domestic Growth, with India Expansion on the Horizon |
Japan's SMFG expects more than $7.65 billion net profit in FY 2025Sumitomo Mitsui Financial Group's CEO said the firm may make more than 1.2 trillion yen ($7.65 billion) net profit in the year from next April, as a resurgent Japanese banking sector cashes in on efforts to diversify income sources abroad alongside interest rate normalisation. The forecast exceeds its previous record target of 1.16 trillion yen for this year, even as higher interest rates in Japan and the mass offload of cross-shareholdings have bolstered the current year's results. "If we do as we have been, we should exceed 1.2 trillion next year," SMFG Chief Executive Officer Toru Nakashima told Reuters in an interview. |
Sumitomo Mitsui Eyes Deepening Jefferies Tieup in Global Push(Bloomberg) -- Sumitomo Mitsui Financial Group Inc. is looking to expand its alliance with Jefferies Financial Group Inc., possibly working together in new areas such as equity trading to build up its global business, according to the bank’s chief executive officer. Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Under the collaboration that started in 2021, Japan’s second-biggest lender has worked with Jefferies to compete in the US financial markets. The foc |
Tokyo Inflation Accelerates, Supporting Case for BOJ Rate Hike(Bloomberg) -- Inflation in Tokyo accelerated for a second month in December while the labor market remained tight, results that largely keep the Bank of Japan on track for an interest rate hike next year.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Consumer prices excluding fresh food rose 2.4% in the capital, quickening from growth of 2.2% the previous month, the Ministry of Internal Affairs reported Friday. Tokyo’s figures serve as a leading indicator fo |
Sumitomo Mitsui Announces Successful Share RepurchaseSumitomo Mitsui (SMFG) has released an update. Sumitomo Mitsui Financial Group has announced the successful repurchase of 10,921,000 shares of its common stock, worth approximately JPY 39.73 billion, as part of its ongoing share buyback program. The repurchase, conducted through market purchases, took place between November 15 and November 30, 2024. This strategic move aims to enhance shareholder value and optimize the company’s capital structure. For further insights into SMFG stock, check out |
SMBC MANUBANK Announces Multiple Key Hires Across Credit, Accounting, and Technology Functions to Support GrowthLOS ANGELES, November 19, 2024--Bank welcomes Michael Trivich, MD, Chief Credit Officer; Monica Sparks, ED, Chief Accounting Officer; & Jeff Jones, MD, Chief Information Officer |
Japan's SMFG lifts profit forecasts after Q2 net income rises 27%Sumitomo Mitsui Financial Group, Japan's second-largest lender by assets, raised its annual net profit forecast on Thursday to a record 1.16 trillion yen ($7.44 billion) after a 27% jump in second-quarter profit helped in part by higher interest rates. SMFG said group net profit came to 354 billion yen ($2.27 billion) in July-September, compared with 278 billion yen in the same quarter a year earlier. It raised its full year guidance from 1.06 trillion yen. |
Sumitomo Mitsui Financial Group, Inc. (SMFG): Hedge Funds Are Bullish On This Japanese Stock NowWe recently compiled a list of the 10 Best Japanese Stocks To Buy Now. In this article, we are going to take a look at where Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) stands against the other Japanese stocks. As we navigate through 2024, Japan’s economic landscape is emerging as a compelling arena for investors. Despite facing […] |