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Sumitomo Mitsui Financial Group, Inc. (SMFG)
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Chart Events
Performance Outlook
| Previous Close | 10.35 |
| Open | 10.15 |
| Bid | 10.11 x 3000 |
| Ask | 10.12 x 3100 |
| Day's Range | 9.97 - 10.15 |
| 52 Week Range | 5.39 - 10.58 |
| Volume | |
| Avg. Volume | 1,484,741 |
| Market Cap | 68.328B |
| Beta (5Y Monthly) | 0.77 |
| PE Ratio (TTM) | 12.65 |
| EPS (TTM) | 0.80 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.34 (3.34%) |
| Ex-Dividend Date | Mar 30, 2023 |
| 1y Target Est | 9.47 |
Fair Value
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Related Research
- Sumitomo Mitsui Financial GroupAnalyst Report: Banco Santander-ChileFounded in 1978, Banco Santander Chile is part of the Santander group and majority controlled by Santander Spain. Banco Santander is the largest bank in Chile by loans and the second largest by deposits. The bank generates most of its net interest income (roughly 65% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans. Banco Santander’s commercial loan business is more focused on small- to medium-sized companies, with firms generating more than CLP 10,000 million in revenue only making up around 5% of outstanding loans. Outside of lending, Banco Santander is the largest card issuer in the country with around 25% of the market and benefits from a long-term strategic partnership with the largest airline in the country LATAM Chile.RatingFair ValueEconomic Moat4 days agoMorningstar
The Wall Street JournalHigher Rates Are Supercharging Japan’s Banks
Stodgy 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.
- Reuters
UPDATE 1-Kioxia's banks to refinance $13.5 bln loan for Western Digital merger -Bloomberg
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.
ReutersKioxia's banks to refinance $13.5 billion loan for Western Digital merger -Bloomberg
TOKYO (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.
