SMFG Stock Recent News

Investors interested in Banks - Foreign stocks are likely familiar with Erste Group Bank AG (EBKDY) and Sumitomo Mitsui (SMFG). But which of these two stocks is more attractive to value investors?

Sumitomo Mitsui (SMFG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

With the banking crisis being a primary concern, we point out that SMFG has quite a lot of foreign bonds which have lost meaningful value. However, we think that deposit flight is not likely in Japan. Moreover, SMFG's business depends on a lot of other things than just loan and deposit businesses.

EBKDY vs. SMFG: Which Stock Is the Better Value Option?

RIO, SMFG and DTEGY made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 21, 2023.

Sumitomo Mitsui (SMFG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

If you are looking for stocks that are well positioned to maintain their recent uptrend, Sumitomo Mitsui (SMFG) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Sumitomo Mitsui (SMFG) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Sumitomo Mitsui (SMFG) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

MFG vs. SMFG: Which Stock Is the Better Value Option?