Sumitomo Mitsui Financial Group Inc. ADR (SMFG) News

Sumitomo Mitsui Financial Group Inc. ADR (SMFG): $12.56

0.14 (+1.13%)

POWR Rating

Component Grades

Momentum

B

Stability

B

Sentiment

Quality

C

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Industry: Foreign Banks

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SMFG News Highlights

  • For SMFG, its 30 day story count is now at 4.
  • Over the past 16 days, the trend for SMFG's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
  • SMBC, AIM and TOP are the most mentioned tickers in articles about SMFG.

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 banks scramble to beef up asset management business amid govt reform push

TOKYO (Reuters) -The Japanese government's reform push for the country's $5 trillion asset management industry has sparked a series of action plans from top Japanese banking groups to beef up their long overlooked asset management business. Asset management has emerged as an area of focus for the banks this year as the financial regulator sought their help to shake up the industry in line with Japan's policy pledge to turn dormant household savings into investments. "We aim to build up the asset management business as the group's fourth pillar after banking, trust banking and brokerages," Mitsubishi UFJ Financial Group's chief executive Hironori Kamezawa told Reuters in an interview.

Yahoo | December 21, 2023

REFILE-Japan banks scramble to beef up asset management business amid govt reform push

The Japanese government's reform push for the country's $5 trillion asset management industry has sparked a series of action plans from top Japanese banking groups to beef up their long overlooked asset management business. Asset management has emerged as an area of focus for the banks this year as the financial regulator sought their help to shake up the industry in line with Japan's policy pledge to turn dormant household savings into investments. "We aim to build up the asset management business as the group's fourth pillar after banking, trust banking and brokerages," Mitsubishi UFJ Financial Group's chief executive Hironori Kamezawa told Reuters in an interview.

Yahoo | December 21, 2023

10 Large-Cap Stocks Billionaires Like the Least

In this article, we will take a look at the 10 large-cap stocks billionaires like the least. To skip our analysis of the recent market trends and activity, you can go directly to see the 5 Large-Cap Stocks Billionaires Like the Least. Stock markets in the United States have been on an upward trajectory for […]

Yahoo | December 14, 2023

Manufacturers Bank Rebrands as SMBC MANUBANK

LOS ANGELES, December 05, 2023--Manufacturers Bank, a wholly owned subsidiary of SMBC Americas Holdings, Inc., a member of SMBC Group, announced today that it has changed its name to SMBC MANUBANK. The new name reflects the bank’s strategic vision to transform and expand its commercial banking business, compete in the digital consumer bank space, and further align with SMBC Group.

Yahoo | December 5, 2023

Sumitomo Mitsui Taps Nakashima as CEO Following Ohta’s Death

(Bloomberg) -- Sumitomo Mitsui Financial Group Inc. named Toru Nakashima as chief executive officer, turning to an experienced insider to lead Japan’s second-largest bank following the death of his predecessor. Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarThese Are the World's Most Expensive Cities to Live In Right NowBiggest Blowout in Bonds Since the 1980s Sparks Everything RallyKissinger, Diplomat Who Defined US Foreign Policy, Dies at 100Charlie Munger, Who He

Yahoo | November 30, 2023

UPDATE 2-SMFG names deputy Nakashima as group CEO after predecessor's death

Japan's Sumitomo Mitsui Financial Group said on Thursday it has appointed Deputy President and Executive Officer Toru Nakashima as its group CEO following the death of its previous head, Jun Ohta, last week. Nakashima's appointment will take effect on Friday, Japan's second-biggest lender said. Nakashima, 60, joined then-Sumitomo Bank in 1986 and had been Ohta's deputy since April.

Yahoo | November 30, 2023

SMFG names deputy Nakashima as group CEO after predecessor's death

TOKYO (Reuters) -Japan's Sumitomo Mitsui Financial Group said on Thursday it has appointed Deputy President and Executive Officer Toru Nakashima as its group CEO following the death of its previous head, Jun Ohta, last week. Nakashima's appointment will take effect on Friday, Japan's second-biggest lender said. Nakashima, 60, joined then-Sumitomo Bank in 1986 and had been Ohta's deputy since April.

Yahoo | November 30, 2023

Sumitomo Mitsui Financial Group CEO Dies at 65

Sumitomo Mitsui Financial Group said Jun Ohta, its director president and group chief executive, has died at the age of 65.

Yahoo | November 27, 2023

Japan's SMFG logs $560 mln loss on sale of US freight car leasing unit

Sumitomo Mitsui Financial Group (SMFG) said on Tuesday it would post an after-tax loss of $560 million from the sale of its U.S. freight car leasing unit as the Japanese lender embarks on a portfolio review for better capital efficiency. Japan's No. 2 banking group said in a statement it would sell the unit, SMBC Rail Services, to ITE Management, a U.S. investment firm targeting transportation and industrial assets. Financial details of the transaction were not disclosed.

Yahoo | November 7, 2023

ITE Management L.P. Affiliate Agrees to Acquire SMBC Rail Services

NEW YORK, November 07, 2023--Sumitomo Mitsui Financial Group (collectively, SMBC Group, President and Group CEO Jun Ohta) and ITE Management L.P. (ITE), an investment firm specializing in industrial transportation assets and infrastructure, announced today that an affiliate of ITE has agreed to acquire SMBC Rail Services LLC (SMBC RS) from SMBC Americas Holdings, Inc. (SMBCAH), a member of SMBC Group. Following the closing of the acquisition, it is expected that the SMBC RS railcars and certain

Yahoo | November 7, 2023


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