Sumitomo Mitsui: Many Ways To Win [Seeking Alpha]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
Company Research
Source: Seeking Alpha
Follow Play 7min Summary Sumitomo Mitsui's fundamentals remain robust. The macro overhang is slowly clearing as well. A stubborn book value discount keeps the risk/reward very favorable. winhorse Things are looking up for Sumitomo Mitsui Financial Group ( NYSE: SMFG ), along with the rest of the Japanese megabanks. Not only because Japan's central bank, the BoJ ('Bank of Japan'), has finally begun normalizing rates but also because the country now has a hawkish new Prime Minister, Shigeru Ishiba, who unlike his predecessors and key opponent Sanae Takaichi, is in favor of further interest rate hikes from here. Despite an increasingly favorable backdrop, the market has opted for a more cautious view of banking upside, as reflected in SMFG's book value discount. Hence, there's an opportunity here for patient investors willing to tide things out in the meantime. Adding to the appeal is the 'optionality' enabled by SMFG's balance sheet, from its growing excess capital po
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SMFG
News
- Trump and Fed Chair Powell could be set on a collision course over interest rates [MSNBC.com]MSNBC.com
- Trump and Fed Chair Powell could be set on a collision course over interest rates [CNBC]CNBC
- SMBC MANUBANK Announces Multiple Key Hires Across Credit, Accounting, and Technology Functions to Support Growth [Yahoo! Finance]Yahoo! Finance
- SMBC MANUBANK Announces Multiple Key Hires Across Credit, Accounting, and Technology Functions to Support GrowthBusiness Wire
- Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
SMFG
Sec Filings
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- SMFG's page on the SEC website