SMFG - Sumitomo Mitsui Financial Group, Inc.
After hours:
Chart Events
Gap Up
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 8.32 |
| Open | 8.31 |
| Bid | 8.06 x 1800 |
| Ask | 8.34 x 2900 |
| Day's Range | 8.25 - 8.33 |
| 52 Week Range | 5.39 - 9.18 |
| Volume | |
| Avg. Volume | 3,369,428 |
| Market Cap | 55.507B |
| Beta (5Y Monthly) | 0.78 |
| PE Ratio (TTM) | 9.87 |
| EPS (TTM) | 0.84 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.32 (3.89%) |
| Ex-Dividend Date | Sep 29, 2022 |
| 1y Target Est | 9.28 |
Fair Value
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ReutersJefferies gets boost as Japan's SMFG expands partnership, investment
(Reuters) -Jefferies Financial Group Inc shares surged more than 5% on Thursday after Japan's Sumitomo Mitsui Banking Corp (SMBC) said it will combine its U.S. equity and M&A business with the U.S. investment bank. As part of a deal, SMBC's parent, Sumitomo Mitsui Financial Group, will expand its U.S. presence and boost its stake in Jefferies from 4.5% to as much as 15%, the companies said in a joint statement Thursday. "This will give us access to more, and larger, public companies," Jefferies President Brian Friedman told Reuters.
- Reuters
UPDATE 2-Jefferies gets boost as Japan's SMFG expands partnership, investment
Jefferies Financial Group Inc shares surged more than 5% on Thursday after Japan's Sumitomo Mitsui Banking Corp (SMBC) said it will combine its U.S. equity and M&A business with the U.S. investment bank. As part of a deal, SMBC's parent, Sumitomo Mitsui Financial Group, will expand its U.S. presence and boost its stake in Jefferies from 4.5% to as much as 15%, the companies said in a joint statement Thursday. "This will give us access to more, and larger, public companies," Jefferies President Brian Friedman told Reuters.
- Business Wire
Jefferies and SMBC Expand and Strengthen Strategic Alliance, Broadening Joint Business Efforts and Increasing SMBC’s Equity Ownership in Jefferies
NEW YORK & TOKYO, April 27, 2023--Jefferies Financial Group, Inc. (NYSE: JEF) ("Jefferies") and Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) ("SMFG"), Sumitomo Mitsui Banking Corporation ("SMBC"), SMBC Nikko Securities Inc. ("SMBC Nikko"), and SMBC Nikko Securities America Inc. (collectively, "SMBC Group") announced today that they have expanded their strategic alliance to collaborate on future corporate and investment banking business opportunities, as well as in equity sales, trading, an
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The Wall Street JournalSumitomo Mitsui Reopens Market for Risky Bank Bonds
Sumitomo Mitsui raised $1 billion by selling AT1 bonds, reopening a segment of the market that was called into question after UBS’s takeover of Credit Suisse.
- Reuters
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ReutersJapan's SMFG is first global bank to sell AT1 bonds since C.Suisse wipeout
TOKYO (Reuters) -Japan's Sumitomo Mitsui Financial Group (SMFG) sold $1 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major global bank to sell the risky securities since similar bonds issued by Credit Suisse were wiped out last month. "SMFG had a choice of not selling them but they went ahead, likely signalling that the Japanese financial system may be more stable than those in other countries," said Nana Otsuki, senior fellow at Pictet Japan. AT1 bonds - the riskiest tranche of a bank's bonds also known as "contingent convertibles" or "CoCo" bonds - can be converted into equity or written off if a bank's capital level falls below a certain threshold.
- Reuters
Japan's three megabanks to face votes on climate change - sources
A coalition of climate groups are stepping up pressure on Japan's top three banks to cut financing linked to fossil fuels, filing shareholder resolutions to be voted on at the companies' annual general meetings in June, sources said on Monday. The groups are targeting megabanks Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Mizuho Financial Group, all key to financing oil and gas projects, said the sources, who declined to be identified as the information is not yet public. The fresh push, led by Australia's Market Forces and Japan's Kiko Network, comes as institutional investors are increasingly pressing companies to do more to fight global warming.
- Reuters
UPDATE 1-Japan's SMBC CEO is watching out for chances to expand US assets
The new head of Sumitomo Mitsui Banking Corp (SMBC) said the Japanese bank is watching closely for chances to buy assets in the United States, adding that the latest banking crisis hasn't dented its confidence in the world's biggest capital market. "The U.S. market will stay attractive" despite the financial turbulence triggered by the fall of Silicon Valley Bank, Akihiro Fukutome, who was promoted from senior managing officer to chief executive on Saturday, told Reuters in an interview. Fukutome ruled out the possibility of buying a U.S. bank as a whole but said the Japanese group would be looking at assets that may be offered for sale and a team of bankers managing those assets.
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RPT-UPDATE 1-Japan's Sumitomo Mitsui to end corporate finance exposure to coal mining by 2040
Sumitomo Mitsui Banking Corp (SMBC) will phase out 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 said in disclosures to investors last year it would halt funding for new mines, expansion of existing ones and related infrastructure, but stopped short of giving a timeline on ending corporate finance for companies linked to coal mining. Rajeev Kannan, SMBC's Managing Executive Officer and Co-Head of Asia Pacific Division told Reuters on Thursday there would be no project and corporate finance exposure to coal mining and coal-fired power plants by 2040.