Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) News

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)

Today's Latest Price: $5.54 USD

0.03 (0.54%)

Updated Oct 30 7:00pm

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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.

Japan's three megabanks to extend loans to NTT for NTT Docomo acquisition: sources

Japan's 3 megabanks belonging to Mitsubishi UFJ Financial Group <8306.T>, Sumitomo Mitsui Financial Group <8316.T> and Mizuho Financial Group will be among lenders to extend loans to Nippon Telegraph and Telephone Corp (NTT) <9432.T> for its potential acquisition of NTT…

Reuters | September 28, 2020

Sumitomo Mitsui Financial Group Takes 14% Stake in SBI R3 Japan

Sumitomo Mitsui Financial Group, Inc. has purchased a 14 per cent stake in the joint venture between SBI Holdings R3 Holdo LLC, SBI R3 Japan Co., Ltd.

Finance Magnates | August 17, 2020

SMBC Nikko Securities Inc. -- Moody's affirms SMBC Nikko's ratings; outlook stable

Moody's Japan K.K. has affirmed SMBC Nikko Securities Inc.'s A1 and P-1 issuer ratings. The affirmation of SMBC Nikko's rating reflects the company's (1) weak liquidity and solid funding; (2) weak, but relatively stable profitability, with its main focus on domestic businesses; (3) low risk appetite but high leverage; and (4) very high probability of affiliate and government support. The alignment of the ratings reflects Moody's view that SMFG and its major subsidiaries, including Sumitomo Mitsui Banking Corporation (SMBC, deposits A1/senior unsecured A1 stable, Baseline Credit Assessment a3) and SMBC Nikko, will benefit from the same very high probability of government support.

Yahoo | July 15, 2020

Is Sumitomo Mitsui Financial Grp, Inc. (SMFG) Going to Burn These Hedge Funds?

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]

Yahoo | July 8, 2020

Battery Giant TDK Expects Virus to Boost Gadget, Auto Prospects

(Bloomberg) -- TDK Corp. sees a silver lining to the coronavirus pandemic in a boost to demand for its batteries and sensors in electronic gadgets and a long-term push toward greater use of tech in the auto industry.Once ubiquitous across cassette tapes and compact discs, the Japanese household name now provides batteries for one in three phones globally. Though TDK has seen revenue fall as U.S.-China trade tensions weighed on auto sales, the outbreak should quicken digitization across the home and industry and propel imminent demand for batteries in personal devices and long-term demand for sensors in connected cars, Chief Executive Officer Shigenao Ishiguro said in an interview.“Digital transformation is a huge opportunity for us and I have no doubt that the coronavirus will push the ...

Yahoo | July 3, 2020

If U.S. Stocks Are a Bubble, They’re Hardly Alone

(Bloomberg Opinion) -- Many of the world’s leading investors are concerned that the recent gains in the U.S. stock market are overdone, given the uncertain economic outlook and the risks of a second wave of the Covid-19 virus. But American equities are in very good company.Investing in U.S. stocks is “simply playing with fire,” Jeremy Grantham, whose firm GMO oversees about $60 billion, told CNBC on Wednesday. Ray Dalio’s Bridgewater Associates warned last week that a decline in U.S. corporate profit margins could lead to a “lost decade” for equity investors. And in a June 18 note, Howard Marks of Oaktree Capital Management LP wrote, “The potential for further gains from things turning out better than expected or valuations continuing to expand doesn’t fully compensate for the risk of d...

Yahoo | June 22, 2020

Japan begins to unwind dominant position in dollar swaps with Fed

Japan, the biggest taker of cheap dollar funding from the U.S. Federal Reserve during the coronavirus pandemic, is weaning itself off that supply as it shies away from emergency swaps and returns to now sedate interbank markets. When the Federal Reserve announced cheap dollar swap lines for global central banks in March as it tried to stave off a dollar funding crunch wrought by the pandemic, Japan was first out of the blocks. From April through this week, the Bank of Japan was the biggest user of that cheap funding, taking up as much as $225 billion or more than half of what was on offer, as a banking sector addicted to investing and lending overseas struggled to get the dollars it needed from interbank markets.

Yahoo | June 19, 2020

Japan's Banking Minnows Swim in Risky Waters

(Bloomberg Opinion) -- Pandemics shouldn't make small banks adventurous. Tell that to Japan's lenders.Shinsei Bank Ltd. is making its biggest overseas acquisition, buying a consumer-finance unit from Australia & New Zealand Banking Group Ltd. for the equivalent of about $480 million, according to a statement Tuesday from the Tokyo-based lender. Aozora Bank Ltd., also based in Tokyo, said in January it would purchase a 15% stake in Vietnam’s Orient Commercial Joint Stock Bank Ltd. for an undisclosed sum, its first foreign foray in more than a decade.Like the rest of Japan’s banking sector, the lenders are struggling with low interest rates and aging demographics that have depressed returns in their home market. It’s questionable whether seeking better growth opportunities oversea...

Yahoo | June 2, 2020

Mizuho Bank, Ltd., Singapore Branch -- Moody's assigns Counterparty Risk Ratings to 28 Japanese banks and branches

Rating Action: Moody's assigns Counterparty Risk Ratings to 28 Japanese banks and branches. Global Credit Research- 21 May 2020. Tokyo, May 21, 2020-- Moody's Japan K.K. has today assigned Counterparty ...

Yahoo | May 21, 2020

Should Value Investors Pick Sumitomo Mitsui (SMFG) Stock?

Let's see if Sumitomo Mitsui (SMFG) stock is a good choice for value-oriented investors right now from multiple angles.

Yahoo | May 20, 2020

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