|Bid||7.32 x 900|
|Ask||9.95 x 27000|
|Day's Range||7.29 - 7.36|
|52 Week Range||6.33 - 8.66|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||6.88|
|Forward Dividend & Yield||0.30 (4.27%)|
|1y Target Est||12.27|
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
Moody's Japan K.K. has assigned (P)A1 rating to USD senior unsecured shelf registration of Sumitomo Mitsui Financial Group, Inc. (SMFG). SMFG's A1 rating is the same as the A1 rating assigned to its main operating subsidiary Sumitomo Mitsui Banking Corporation (SMBC, deposits A1/senior unsecured A1 stable, baseline credit assessment (BCA) a3), reflecting our assessment of a very high likelihood of government support that will benefit both entities equally.
Sumitomo Mitsui Financial Group (SMFG) wants to acquire Asian commercial banks, utilising some of the up to $12 billion in surplus capital that Japan's third-largest lender expects to build up over the next five years, its chief executive said. "In Asia, we would like to do full banking services including retail business in countries with economic growth potential," Takeshi Kunibe said in an interview. SMFG has been trying to build a bigger presence in emerging Asia economies, which it hopes will become its next major market besides Japan.
Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds and investors’ positions as of the end of the third quarter. You can find write-ups about an individual hedge fund’s trades on numerous financial news websites. […]
Japan's Nikkei fell on Thursday, with banking stocks sliding after disappointing earnings forecasts and losses in U.S. financial shares. Sumitomo Mitsui Financial Group dropped 3.1 percent, while Mizuho Financial Group shed 1.7 percent. SMFG posted a 37 percent rise in its second-quarter net profit, but it kept its profit forecast at 700 billion yen for the year ending March, below the 751.9 billion yen average of 14 analyst estimates compiled by Refinitiv.
Japan's Nikkei fell on Thursday, with banking stocks sliding after disappointing earnings forecasts and losses in U.S. financial shares. Sumitomo Mitsui Financial Group dropped 3 percent, while Mizuho Financial Group shed 1.8 percent. SMFG posted a 37 percent rise in its second-quarter net profit, but it kept its profit forecast at 700 billion yen for the year ending March, below the 751.9 billion yen average of 14 analyst estimates compiled by Refinitiv.
The bank, based in Tokyo, said it had earnings of 32 cents per share. The bank posted revenue of $13.69 billion in the period. Its revenue net of interest expense was $13.69 billion, beating Street forecasts. ...
Moody's Japan K.K. has today assigned a definitive long-term rating of Aaa to the first mortgage covered bonds (CB) to be issued by Sumitomo Mitsui Banking Corporation (SMBC; long term deposit rating A1 ...
Moody's Japan K.K. says that Japan's two largest banking groups by assets -- Mitsubishi UFJ Financial Group, Inc. (MUFG, A1 stable) and Sumitomo Mitsui Financial Group, Inc. (SMFG, A1 stable) -- share similar credit strengths, while both are also exposed to the contingent liabilities posed by their leasing subsidiaries. "While the primary banking subsidiaries of the two groups have baseline credit assessments (BCAs) of a3, indicating similar credit strength, capitalization and profitability are relative strengths for SMFG, while a greater degree of geographic diversification underpins MUFG's credit profile," says Shunsaku Sato, a Moody's Vice President and Senior Credit Officer.
Moody's Japan K.K. says that its outlook for Japan's banking system is stable, as it has been since 2012, reflecting the expectation that the banks will continue to have strong liquidity at home and sufficient capital, even though pressure on profitability will persist and asset risks are slowly increasing. "Support will come from a stable operating environment, and we forecast that Japan's GDP will continue to increase, by 1.1% in 2018 and 1.0% in 2019, while the unemployment rate will decline further," says Tetsuya Yamamoto, a Moody's Vice President and Senior Credit Officer. "Japan's continued accommodative monetary policy will help the economy sustain growth and, if the Bank of Japan (BOJ) tightens monetary policy, which we do not expect to occur during this outlook period, higher rates will help increase interest income for banks," says Yamamoto.
Moody's Japan K.K. has today assigned a provisional long-term rating of (P)Aaa to the first mortgage covered bonds (CB) to be issued by Sumitomo Mitsui Banking Corporation (SMBC; long term deposit rating ...
Moody's Japan K.K. has affirmed SMBC Nikko Securities Inc.'s A1 and P-1 issuer ratings. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.
Moody's Japan K.K. has assigned (P)A1 rating to Sumitomo Mitsui Banking Corporation (SMBC) Canada Branch's CAD Medium Term Deposit Note program through which it can issue deposit notes with a tenor greater than 1 year. Moody's has also assigned Counterparty Risk Assessments (CR Assessment) of A1(cr) to SMBC Canada Branch. The two-notch uplift reflects Moody's assessment of a very high probability of government support in times of stress, given the bank's importance to Japan's financial system.
Four expert panels will bring latest intel to the 2018 EnerCom conference DENVER , Aug. 9, 2018 /PRNewswire/ -- The 23 rd annual EnerCom conference will deliver the best of the industry to the Denver Downtown ...
Moody's Japan K.K. has affirmed Sumitomo Mitsui Financial Group, Inc.'s (SMFG) A1 long-term senior unsecured debt ratings. At the same time, Moody's has affirmed Sumitomo Mitsui Banking Corporation's (SMBC) ...
Pre-market today, WallStEquities.com has issued research reports on select Foreign Regional Banks equities, namely: Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG), Bancolombia S.A. (NYSE: CIB), First BanCorp.
Presenters include U.S. and Canadian shale producers, Gulf of Mexico and Latin American producers, expert panel discussion on Mexico's growing E&P opportunities DENVER , June 13, 2018 /PRNewswire/ -- EnerCom, ...
Investment conference registration is open at the conference website DENVER , June 5, 2018 /PRNewswire/ -- EnerCom, Inc. is pleased to update the list of presenting oil and gas companies for the 23 rd ...
DENVER, May 23, 2018 /PRNewswire/ -- EnerCom, Inc. is pleased to update the list of presenting oil and gas companies for the 23rd annual edition of its popular The Oil & Gas Conference®, coming this August to Denver, Colo.