SMFG Stock Recent News

LOS ANGELES--(BUSINESS WIRE)--Jenius Bank, the digital banking division of SMBC MANUBANK and a member of the SMBC Group, today unveiled the findings of its new survey, The Mind-Money Connection: How Managing Your Finances Can Make You Happier, revealing the tangible ways consumers' financial situations intertwine with our mental health and wellbeing. The report, which surveyed more than 4,000 U.S. consumers*, comes as Americans face a wave of significant financial hurdles, from persistent infla.

LOS ANGELES--(BUSINESS WIRE)--Jenius Bank™ hit a milestone last week, reaching $1 billion in deposits for its high-yield savings product.

Sumitomo Mitsui's latest fiscal year net income and its forward-looking earnings guidance were both better than what the analysts had expected. SMFG has the potential to command a higher P/B multiple, considering its favorable dividend guidance, the new JPY100 billion buyback plan, and the proposed stock split. The multiple positives for Sumitomo Mitsui suggest that a favorable re-rating of the stock's valuation in the future is highly probable.

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

Does Sumitomo Mitsui (SMFG) have what it takes to be a top stock pick for momentum investors? Let's find out.

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.

Japan's asset management industry has favorable growth prospects, and this puts a leading financial services player like Sumitomo Mitsui Financial in a good position to increase its future fee income. SMFG's net interest income growth outlook is positive, considering the reasonably high probability of Japan initiating a rate hike in the near term. My investment rating for SMFG is upgraded to a Buy, as I think that the stock doesn't deserve to trade at a significant discount to book value.

Japan's Sumitomo Mitsui Banking Corp (SMBC) said on Tuesday it has hired former Credit Suisse China boss Carsten Stoehr as its deputy head for the Asia Pacific region.

Investors looking for stocks in the Banks - Foreign sector might want to consider either KB Financial (KB) or Sumitomo Mitsui (SMFG). But which of these two stocks presents investors with the better value opportunity right now?

Investors interested in stocks from the Banks - Foreign sector have probably already heard of KB Financial (KB) and Sumitomo Mitsui (SMFG). But which of these two companies is the best option for those looking for undervalued stocks?