SUMITOMO MIT FIN

Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG) price on Friday, February 24, fall -2.61% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.59. A look at the stock’s price movement, the level at last check in today’s session was $8.82, moving within a range at $8.74 and $8.83. … Sumitomo Mitsui Financial Group Inc.’s (SMFG) Stock Is Harder To Predict Than You Think Read More »

Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG) has a beta value of 0.73 and has seen 0.84 million shares traded in the recent trading session. The company, currently valued at $59.73B, closed the recent trade at $8.78 per share which meant it lost -$0.04 on the day or -0.40% during that session. The SMFG stock price … Sumitomo Mitsui Financial Group Inc. (SMFG) Has A Promising Outlook For 2023 Read More »

Most of the Asian indicators were up 1%. The exceptions were China''s Shanghai Composite and Shenzhen Composite, which lost 0.03% and 0.33% respectively, as well as Hong Kong''s Hang Seng Index, down 0.1%. All other indices showed gains. The Australian S&P/ASX 200 index increased by 0.22%, the Japanese Nikkei 225 index rose by 0.61%, the Korean KOSPI soared by 0.6%. One of the reasons for the rise in Asian indicators was the increase in US indices to 1.5% the day before. Today we expect the data on consumer price growth in the first month of the new year. According to experts, the inflation rate is projected to decline to 6.2% from December''s 6.5%. If these projections come true, the US Federal Reserve could take this as evidence that monetary policy was conducted correctly, which included repeated interest rate hikes. A slowdown in inflation could be a reason to put rate hikes on pause. The growth of Japan''s Nikkei 225 was restrained by the latest statistics on economic growth. Thus, Japan''s GDP in the last quarter of the previous year rose by 0.6% year-on-year, although it was forecasted to increase by 2%.

SINGAPORE — Sumitomo Mitsui Banking Corp (SMBC) will not have any corporate and project finance exposure to coal mining by 2040 but does not have a concrete timeline for reducing support to trade finance, a senior company official said on Thursday. The main banking arm of Sumitomo Mitsui Financial Group stopped funding new mines, expansion […]

TOKYO — A consortium led by Japan Industrial Partners (JIP) has formally submitted a proposal to Toshiba Corp to take the troubled conglomerate private after securing commitments for 1.4 trillion yen ($10.6 billion) of loans, sources said. Major Japanese banks, including Sumitomo Mitsui Financial Group, had issued letters of commitment to provide the loans to […]

Emirates NBD, Sumitomo Mitsui and Fairfax among those interested

Jefferies surges on report Sumitomo Mitsui is looking to increase its stake

Sumitomo Mitsui Financial Group (SMFG) is considering increasing its stake in Jefferies Financial Group (JEF) as the two financial firms expand their alliance beyond the U.S.,…

https://www.investing.com/news/pro/japans-smfg-eyes-larger-stake-in-us-securities-giant-jefferies-financial-group--nikkei-432SI-2973327

TOKYO : Japan''s Sumitomo Mitsui Financial Group Inc (SMFG) plans to extend its alliance with Jefferies Financial Group Inc to Europe and Asia in a drive to beef up its global investment banking business, its chief executive said."There is no reason to limit our partnership to the United States," CEO Jun O

TOKYO (AP) — Japan’s Financial Services Agency ordered brokerage SMBC Nikko Securities to suspend its block trading operations for three months from Friday as part of penalties in a market manipulation case. That follows the arrest of its vice president, Toshihiro Sato, and several other employees on suspicion they put in massive buy orders to prop up stock prices of certain shares. The company had already suspended its block trades due to the scandal. In a written statement it apologized and said it was taking the penalties “very seriously.” SMBC Nikko Securities and its parent company, Sumitomo Mitsui Financial Group, the country’s second-biggest financial group, also outlined plans for improving their governance. The Securities and Exchange Surveillance Commission, the government body overseeing stock transactions, filed formal accusations against SMBC Nikko and its workers earlier this year of violating the Financial Instrument and Exchange Act. The case involves big purchases of shares just before the market closed to push their prices higher with the intent of using those prices for clients’ block sales overnight.

Sumitomo Mitsui Financial Group Inc. and its securities unit were penalized after Japan’s financial regulator found that the latter had engaged in stock market manipulation.

The trading price of Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG) floating higher at last check on Monday, October 03, closing at $5.60, 1.82% higher than its previous close. Traders who pay close attention to intraday price movement should know that it has been fluctuating between $5.50 and $5.63. The company’s P/E ratio in the trailing … Should This Make Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG) Investors Worry? Read More »

Sumitomo''s business is stable and is in a position to pay a 6.2% dividend yield and to recommence share buybacks. See why we reiterate buy rating on SMFG stock.

TOKYO (Reuters) – Japan’s securities watchdog on Wednesday recommended punishment of SMBC Nikko Securities, the brokerage unit of Sumitomo Mitsui Financial Group Inc (SMFG), over alleged market manipulation that led to the indictment of former executives.