Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc. operates as a holding company, which engages in the management of its subsidiaries that provide financial services. It operates through the following segments: Commercial Banking, Leasing, Securities, and Consumer Finance. The Commercial Banking segment consists of consumer banking, middle market banking, wholesale banking, retail banking, international banking, and treasury units. The Leasing segment provides leasing services that include equipment, operating, leveraged, and aircraft operating leases. The Securities segment offers financial products, investment consultation and administration services to individual and corporate customers. The Consumer Finance segment handles domestic credit card business, consumer loans and loan guarantee businesses. The company was founded on December 2, 2002 and is headquartered in Tokyo, Japan.

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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.

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

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.

Sumitomo Mitsui Financial: A Bright Future Ahead (Rating Upgrade)

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.

Japan's SMBC hires former Credit Suisse China boss Stoehr

Jefferies Financial Group Inc

NEW YORK & LONDON--(BUSINESS WIRE)--Jefferies Financial Group, Inc. (NYSE: JEF) (“Jefferies”) and Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) (“SMFG”), Sumitomo Mitsui Banking Corporation (“SMBC”), and other group companies (collectively, “SMBC Group”) announced today that they have signed a memorandum of understanding to further expand their global strategic alliance to now include enhanced collaboration across Europe, the Middle East and Africa (“EMEA”) on future corporate and investme.

Jefferies and SMBC Expand and Strengthen Strategic Alliance, Broadening Joint Business Efforts Across EMEA

KB Financial Group

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?

KB or SMFG: Which Is the Better Value Stock 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?

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

Investors interested in Banks - Foreign stocks are likely familiar with KB Financial (KB) and Sumitomo Mitsui (SMFG). But which of these two stocks presents investors with the better value opportunity right now?

KB vs. SMFG: Which Stock Should Value Investors Buy Now?

Sumitomo Mitsui Financial Group, a Japanese bank with over $2 trillion in assets, offers potential diversification due to its high exposure to Japan, but its lower than average dividend yield and fair valuation make it less attractive for investment. The bank has a conservative lending approach and a low-risk balance sheet, with a sizable equity portfolio of Japanese equities that it plans to reduce to decrease earnings volatility. Despite its stable profile and conservative risk culture, Sumitomo's financial performance has been relatively stable over the past few years due to low growth prospects. Its return on equity ratio is only 6.5%, a relatively low level of profitability.

Sumitomo Mitsui Financial Group: Potential Diversification Play Is Not Attractive Enough

Sumitomo Mitsui Financial Group has reported a 39.51% YoY increase in Q1 revenues, reaching $13.66bn, despite a 57.25% decline in net income. The bank's strategy focuses on becoming a leaner, streamlined business with a focus on digitalization and geographic expansion across Asia and the US. The bank is currently undervalued, with a net present value of $9.28 compared to its current price of $8.40, according to a discounted cash flow valuation. This undervaluation is also supported by Alpha Spread's intrinsic valuation, which calculates a base case fair value of $17.14. However, SMFG faces potential risks including shifts in domestic monetary policy, global economic slowdown, and recessionary pressures. Despite these challenges, the bank's transformation into a leaner business and geographic expansion strategy are expected to enable long-term margin expansion and scale accretion.

Sumitomo Mitsui Financial Group Aims For Streamlined Growth And Remains Undervalued

Lloyds Banking Group

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

LYG or SMFG: Which Is the Better Value Stock Right Now?

Erste Group Bank AG

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?

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

Sumitomo Mitsui Financial Group Inc. SMFG said Thursday it will increase its ownership stake in investment bank Jefferies Financial Group Inc. JEF to 15% from 4.5% as part of a planned expansion of the corporate and investment banking relationship that the two firms inked in 2021. Sumitomo's $2.25 billion investment in Jefferies from 2021 is now valued at about $3.4 billion.

Sumitomo to boost its ownership stake in investment bank Jefferies to 15% from 4.5%

NEW YORK & TOKYO--(BUSINESS WIRE)--Jefferies Financial Group, Inc. (NYSE: JEF) (“Jefferies”) and Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) (“SMFG”), Sumitomo Mitsui Banking Corporation (“SMBC”), SMBC Nikko Securities Inc. (“SMBC Nikko”), and SMBC Nikko Securities America Inc. (collectively, “SMBC Group”) announced today that they have expanded their strategic alliance to collaborate on future corporate and investment banking business opportunities, as well as in equity sales, trading,.

Jefferies and SMBC Expand and Strengthen Strategic Alliance, Broadening Joint Business Efforts and Increasing SMBC's Equity Ownership in Jefferies

Sumitomo Mitsui Banking Corporation JP:8316 is planning to triple its stake in US investment bank Jefferies Financial Group JEF, the Financial Times reported, citing people familiar with the matter. SMBC plans to raise its current stake to as much as 15% by buying shares on the open market.

SMBC to triple stake in Jefferies, report says

Royal Bank of Canada

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

SMFG vs. RY: Which Stock Should Value Investors Buy Now?

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).

Sumitomo Mitsui (SMFG) Upgraded to Buy: What Does It Mean for the Stock?

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.

Sumitomo Mitsui Financial Group: Quite A Lot Of Foreign Bond Exposure, But Lots Of Cash

Playa Hotels & Resorts

Ryerson Hld

SMFG, PLYA and RYI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 16, 2023.

Best Momentum Stocks to Buy for March 16th

The heavy selling pressure might have exhausted for Sumitomo Mitsui (SMFG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

After Plunging -13.11% in 4 Weeks, Here's Why the Trend Might Reverse for Sumitomo Mitsui (SMFG)

Whitestone REIT

WSR, SMFG, PLYA, RYI and MBGAF have been added to the Zacks Rank #1 (Strong Buy) List on March 16, 2023.

New Strong Buy Stocks for March 16th

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.

What Makes Sumitomo Mitsui (SMFG) a New Strong Buy Stock

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) Is a Great Choice for 'Trend' Investors, Here's Why

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) is on the Move, Here's Why the Trend Could be Sustainable

Sumitomo Mitsui (SMFG) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

News for Sumitomo Mitsui Financial Group Stock (SMFG)