Sumitomo Mitsui Considers Expanding Collaboration With Jefferies [Yahoo! Finance]
Jefferies Financial Group Inc. (JEF)
Last jefferies financial group inc. earnings: 10/25 04:42 pm
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Source: Yahoo! Finance
SMFG seeks to strengthen its alliance with Jefferies Financial Group Inc. JEF to expand into new areas such as equity trading to enhance its global business. This was stated by Toru Nakashima, CEO of SMFG, in an interview with Bloomberg. Rationale Behind SMFG-JEF Alliance Through this partnership, initiated in 2021, Sumitomo Mitsui aims to compete in the U.S. financial markets by emphasizing the underwriting of new stocks and bonds alongside advisory services for deal-making. Now, Nakashima is exploring the possibility of tying up with Jefferies in the equity market as well. Nakashima stated, “Except for Japanese stocks, we are weak in equities and it will take a lot of work to build up equity trading from scratch. So, I am wondering if there are ways to use Jefferies' platform.” SMFG has been working to expand its trading operations in the United States with a primary focus on interest rates and investment-grade credit. Further, Nakashima mentioned that Sumitomo Mitsui hasn
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JEF
Earnings
- 9/25/24 - Miss
JEF
Sec Filings
- 1/2/25 - Form 424B2
- 1/2/25 - Form 424B2
- 1/2/25 - Form FWP
- JEF's page on the SEC website