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Sumitomo Mitsui Financial Group, Inc. (XMF.F)

51.91

-0.62

(-1.18%)

As of 11:57 AM GMT+2. Market Open.

Japan's Yen Hits a Fresh Three-Decade Low of 154

(Bloomberg) -- Japan’s finance minister stopped short of issuing his strongest warning on possible market intervention in comments that fueled renewed yen weakness after the currency slumped to a fresh 34-year low overnight.Most Read from BloombergBeyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROIChina Tells Iran Cooperation Will Last After Attack on IsraelS&P 500 Futures Steady After Selloff Rattles Globe: Markets WrapIran’s Attack on Israel Sparks Race to Avert a F

Bloomberg 9 days ago

BAC

SMFG

JPM
Japan’s Five-Year Yield Rises to Highest Since 2011 on BOJ Bets

(Bloomberg) -- Japan’s five-year bond yield climbed to the highest since 2011 on growing speculation the nation’s central bank will raise interest rates further to stem the yen’s weakness.Most Read from BloombergApple Plans to Overhaul Entire Mac Line With AI-Focused M4 ChipsRussian Attacks on Ukraine Stoke Fears Army Near Breaking PointUS Sees Imminent Missile Strike on Israel by Iran, ProxiesVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudIsrael Bracing for Unprecedented Direct Ira

Bloomberg 13 days ago

8301.T

SMFG
BOJ Is Said to Mull Raising Inflation View on Strong Pay Deals

(Bloomberg) -- The Bank of Japan will likely consider raising its inflation forecast at a policy meeting later this month after surprisingly strong results from annual wage negotiations, according to people familiar with the matter. Most Read from BloombergTrumpism Is Emptying ChurchesIran’s Better, Stealthier Drones Are Remaking Global WarfareBlackstone Nears Buyout of Skin-Care Company L’OccitaneUkraine Says It’s Behind Blaze on Russian Warship in Baltic SeaWhy India’s South Rejects Modi — And

Bloomberg 16 days ago

SMFG

BNPQF

BNPQY
Jefferies (JEF) Deepens Strategic Alliance With SMBC in Canada

Jefferies (JEF) furthers its strategic alliance with SMBC in the Canadian market to capitalize on enhanced M&A opportunities. With this move, the company seeks to gain a competitive edge in the Canada region.

Zacks 20 days ago

JEF

SMFG

SMBC
Jefferies, Sumitomo Mitsui Expand Alliance to Canada

(Bloomberg) -- Sumitomo Mitsui Financial Group Inc., one of Japan’s largest banks, is deepening an alliance with Jefferies Financial Group Inc., with the two companies announcing plans to work together on corporate and investment banking deals in the Canadian market. Most Read from BloombergNY Region Rattled by 4.8 Magnitude Quake, Biggest in 140 YearsTurkey Joins NATO Allies in Suspending Europe Arms TreatySaudis Scale Back Ambition for $1.5 Trillion Desert Project NeomZimbabwe Announces New Cu

Bloomberg 20 days ago

JEF

SMFG
Jefferies and Japan's Sumitomo expand alliance into Canada

The companies said on Thursday they have worked together on cross-border mergers and acquisitions, healthcare and leveraged finance since 2021. U.S. investment banks have been sharpening their focus on Canada, which offers a competitive advantage. Easing wage inflation and potential interest rate cuts in Canada are expected to boost mergers and acquisitions (M&A) in 2024, analysts have said.

Reuters 21 days ago

SMFG

JEF
Jefferies and SMBC Expand Strategic Alliance to Canada

NEW YORK & TORONTO, April 04, 2024--Jefferies Financial Group Inc. (NYSE: JEF) ("Jefferies") and SMBC Group announced today that they have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market. SMBC Group comprises Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) ("SMFG"), Sumitomo Mitsui Banking Corporation ("SMBC"), SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd.,

Business Wire 21 days ago

JEF

SMFG
Japan Service Firms’ Optimism Tempered by Softer Factory Sector

(Bloomberg) -- Japan’s largest service-sector firms are their most optimistic in more than three decades even as confidence among manufacturers softens a tad, a Bank of Japan survey shows, offering a largely positive outlook for the economy as the central bank mulls its next policy move.Most Read from BloombergErdogan Suffers Historic Loss in Turkey Municipal ElectionsUS Oil Suppliers Muscling Into OPEC+ Markets All Over the WorldGold Retreats From Record as US Factory Data Spurs Fed DebateTreas

Bloomberg 24 days ago

8301.T

SMFG
Best Momentum Stocks to Buy for March 12th

LI, SMFG and KFY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 12, 2024.

Zacks last month

SMFG

LI

KFY
New Strong Buy Stocks for March 12th

GM, RCL, SMFG, KALU and NRIM have been added to the Zacks Rank #1 (Strong Buy) List on March 12, 2024.

Zacks last month

SMFG

GM

RCL
Huntington (HBAN) Intends to Expand Its Footprint in Texas

Huntington (HBAN) plans to expand further into the Texas market. This is part of the bank's inorganic growth efforts to strengthen its capabilities and fortify presence in key markets.

Zacks last month

HBAN

SMFG
Citi (C) Plans to Grow Asia Wealth Business From Hong Kong Base

As part of its efforts to tap into the growing wealth in Asia, Citi (C) plans to expand its wealth management business in the region from its base in Hong Kong.

Zacks last month

C

SMFG
20 Largest Banks in The World by Market Cap

In this piece, we are going to shed light on the 20 Largest Banks in The World by Market Cap. If you want to skip our detailed analysis of the banking sector, you can go directly to 5 Largest Banks in The World by Market Cap. The global banking industry is on the rise, with […]

Insider Monkey last month

GSC

MS

BBVA
Sumitomo Mitsui (SMFG) Mulls to Expand Jefferies Alliance in Asia

Sumitomo Mitsui (SMFG) considers further widening its alliance with Jefferies into Asia to compete with its rivals. Also, the bank aims for three successive years of record net profit.

Zacks last month

SMFG

JEF
Japan's SMFG aims for three successive years of record profit, CEO says

Sumitomo Mitsui Financial Group (SMFG) aims for three successive years of record net profit as Japan's second-largest lender beefs up its business portfolio abroad including in India and the United States, its new chief executive told Reuters. The bullish outlook from CEO Toru Nakashima reflects his confidence in SMFG's strategy tapping growth through overseas acquisitions, while anticipating a boost from an end of Japan's ultra-easy monetary policy to its domestic lending business.

Reuters last month

SMFG
12 Best-Performing Bank Stocks In 2024

In this article, we discuss the 12 best-performing bank stocks in 2024. If you want to skip our detailed discussion on the banking industry, head directly to 5 Best-Performing Bank Stocks In 2024. The banking industry faces challenges in 2024 due to a slowing global economy, diverse economic conditions, and risks such as supply chain […]

Insider Monkey 2 months ago

C

MUFG

SMFG
Matthews Japan Fund Adjusts Portfolio, Exits Sumitomo Mitsui Financial Group with a -3.35% Impact

Insight into Matthews Japan Fund (Trades, Portfolio)'s Q4 2023 Investment Moves and Strategy

GuruFocus.com 2 months ago

SMFG
Nippon Steel says Japan's 3 megabanks plan $16 billion loan for U.S. Steel acquisition

TOKYO (Reuters) -Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group and Mizuho Financial Group plan to lend Nippon Steel a combined $16 billion for its planned acquisition of U.S. Steel, the Japanese steelmaker said on Tuesday. "We have received a commitment letter for a combined $16 billion in loans from the three Japanese megabanks on condition that the acquisition goes through," a Nippon Steel spokesperson said. The White House has also promised "serious scrutiny" of the deal given the company's role in U.S. steel production, which the government regards as critical to national security.

Reuters 2 months ago

X

SMFG

MUFG
UPDATE 2-Nippon Steel says Japan's 3 megabanks plan $16 bln loan for U.S. Steel acquisition

Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group and Mizuho Financial Group plan to lend Nippon Steel a combined $16 billion for its planned acquisition of U.S. Steel, the Japanese steelmaker said on Tuesday. "We have received a commitment letter for a combined $16 billion in loans from the three Japanese megabanks on condition that the acquisition goes through," a Nippon Steel spokesperson said. The White House has also promised "serious scrutiny" of the deal given the company's role in U.S. steel production, which the government regards as critical to national security.

Reuters 2 months ago

MFG

X

SMFG
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.

Reuters 4 months ago

SMFG

MUFG

Performance Overview

Return	XMF.F	Nikkei 225
YTD	-180.81%	+12.44%
1-Year	-48.86%	+31.48%
3-Year	-98.33%	+29.66%

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Sumitomo Mitsui Financial Group, Inc. (XMF.F)

Japan's Yen Hits a Fresh Three-Decade Low of 154

Japan’s Five-Year Yield Rises to Highest Since 2011 on BOJ Bets

BOJ Is Said to Mull Raising Inflation View on Strong Pay Deals

Jefferies (JEF) Deepens Strategic Alliance With SMBC in Canada

Jefferies, Sumitomo Mitsui Expand Alliance to Canada

Jefferies and Japan's Sumitomo expand alliance into Canada

Jefferies and SMBC Expand Strategic Alliance to Canada

Japan Service Firms’ Optimism Tempered by Softer Factory Sector

Best Momentum Stocks to Buy for March 12th

New Strong Buy Stocks for March 12th

Huntington (HBAN) Intends to Expand Its Footprint in Texas

Citi (C) Plans to Grow Asia Wealth Business From Hong Kong Base

20 Largest Banks in The World by Market Cap

Sumitomo Mitsui (SMFG) Mulls to Expand Jefferies Alliance in Asia

Japan's SMFG aims for three successive years of record profit, CEO says

12 Best-Performing Bank Stocks In 2024

Matthews Japan Fund Adjusts Portfolio, Exits Sumitomo Mitsui Financial Group with a -3.35% Impact

Nippon Steel says Japan's 3 megabanks plan $16 billion loan for U.S. Steel acquisition

UPDATE 2-Nippon Steel says Japan's 3 megabanks plan $16 bln loan for U.S. Steel acquisition

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

Performance Overview