Sumitomo Mitsui Financial Group Inc. ADR (SMFG) News
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SMFG News Highlights
- For SMFG, its 30 day story count is now at 7.
- Over the past 15 days, the trend for SMFG's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- The most mentioned tickers in articles about SMFG are LOAN, PAY and ROSE.
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.
Higher Rates Are Supercharging Japan’s BanksStodgy Japanese banks have morphed into some of the globe’s best investments in 2023, and a shifting monetary regime will keep them raking in the cash. Since December the Bank of Japan has made a couple of important tweaks to its yield-curve-control policy—effectively allowing long-term bond yields to rise—and an end to the negative-rate policy implemented in 2016 could be on the horizon. Higher interest rates would benefit banks in several ways. |
UPDATE 1-Kioxia's banks to refinance $13.5 bln loan for Western Digital merger -BloombergKioxia Holdings's lenders are planning to refinance 2 trillion yen ($13.5 billion) in loans to support its potential merger with Western Digital's flash memory business, Bloomberg News reported on Wednesday. Sumitomo Mitsui Financial Group, Mizuho Financial Group and Mitsubishi UFJ Financial Group intend to submit a commitment letter for the refinancing next month, Bloomberg reported citing unnamed sources. Part of the loan will be used to pay special dividends to Kioxia's shareholders, Bloomberg said. |
Kioxia's banks to refinance $13.5 billion loan for Western Digital merger -BloombergTOKYO (Reuters) -Kioxia Holdings's lenders are planning to refinance 2 trillion yen ($13.5 billion) in loans to support its potential merger with Western Digital's flash memory business, Bloomberg News reported on Wednesday. Sumitomo Mitsui Financial Group, Mizuho Financial Group and Mitsubishi UFJ Financial Group intend to submit a commitment letter for the refinancing next month, Bloomberg reported citing unnamed sources. Part of the loan will be used to pay special dividends to Kioxia's shareholders, Bloomberg said. |
Stock Market Today: Dow Leads Indexes LowerStocks retreated while bond yields rose ahead of the Federal Reserve’s interest-rate decision Wednesday. |
Sumitomo Mitsui Financial Group Inc (SMFG): A Deep Dive into Its Performance PotentialUnraveling the Factors Limiting Growth |
Japan Financial Stocks Jump as 10-Year Govt Bond Yield Hits 9-Year HighJapanese financial stocks rose sharply as the 10-year government bond yield hit a nine-year high after the Bank of Japan governor told a local daily that ending negative interest rates would be an option if wage and consumer price gains look sustainable. |
SMFG Market Head Sees New Era With Japan Yield as High as 2%(Bloomberg) -- A banker who has spent more than three decades watching Japanese government bonds is bracing for the possibility that long-term yields hit levels unseen in a generation as the central bank moves away from negative rates.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderFed Set to Double Its Economic Growth Forecast After Strong US DataSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackChina Seeks to Broaden iPhone Ban to State Fir |
As Rates Rise, Japan Is Wary About Silicon Valley Bank SequelUnrealized losses on bonds could hit regional Japanese banks, though they are less worried about depositor flight. |
UPDATE 2-Japan's megabanks eye BOJ boost after solid first quarterTwo of Japan's megabanks reported solid quarterly profits on Monday amid hopes the Bank of Japan's (BOJ) nudge towards policy normalisation will herald a sea change in their business after years of being squeezed by rock-bottom interest rates. The central bank's relaxation of its cap on bond yields on Friday boosted the prospect of higher government bond yields creating a windfall for lenders, sending Japan's benchmark index of banking stocks to an eight-year high. |
Japan's megabanks eye BOJ boost after solid first quarterTOKYO (Reuters) -Two of Japan's megabanks reported solid quarterly profits on Monday amid hopes the Bank of Japan's (BOJ) nudge towards policy normalisation will herald a sea change in their business after years of being squeezed by rock-bottom interest rates. The central bank's relaxation of its cap on bond yields on Friday boosted the prospect of higher government bond yields creating a windfall for lenders, sending Japan's benchmark index of banking stocks to an eight-year high. Higher government bond yields will in the long run lift returns on bond holdings at major lenders, which have had limited options for where to park huge deposits and so flocked to higher-yielding assets overseas such as U.S. Treasuries. |