Sumitomo Mitsui Financial Group, Inc. Sponsored ADR Aktie News

Sumitomo Mitsui Financial Group remains a "Buy" after the Bank of Japan's 25 bps policy rate increase this month. SMFG's earnings are highly sensitive to rate normalization, with a 25 bps hike potentially boosting its future annualized net interest income by ¥0.11 trillion–¥0.15 trillion. The bank's capital allocation strategy is disciplined, as evidenced by its policy on further investee stake...

Japan's Sumitomo Mitsui Financial Group is aiming to double revenue in its sales and ​trading business to 800 billion yen ($5 billion) within the next few years, its head of global ‌markets said, as the bank seeks to catch up with its rivals.

NEW YORK--(BUSINESS WIRE)--SMBC Americas hires Shrikar Shah to lead Interest Rates Structured Trading, advancing the firm's global sales and trading business.

NEW YORK--(BUSINESS WIRE)--SMBC Americas Announces Global Transaction Banking Platform Available for U.S. Clients, Including Cash Management and Payments Capabilities.

I'm sticking with a 'Buy' rating for Sumitomo Mitsui Financial Group following my assessment of its valuations and prospects. SMFG revealed its updated mid-teens ROE goal for the long run; I think this is achievable with cost-cutting moves and domestic rate hikes. The stock's current P/B of around 1.3x is undemanding, considering the significant discount to its U.S. peers.

Shares of Jefferies Financial Group surged on Tuesday after reports suggested Japan's Sumitomo Mitsui Financial Group (SMFG) is exploring a potential takeover of the US investment bank, even as conflicting signals emerged over the likelihood of a deal. Takeover report lifts Jefferies shares Jefferies stock rose as much as 14% in premarket trading following a report by the Financial Times that S...

Shares of Jefferies Group (NYSE:JEF) rose on Tuesday after reports that Japan's Sumitomo Mitsui Financial Group is preparing plans for a possible takeover of the US investment bank. Jefferies has indicated it is not interested in selling, CNBC reported Tuesday morning.

Jefferies Financial stock surged early Tuesday on reports that Japan-based Sumitomo Mitsui Financial (SMFG) is preparing for a potential buyout of the U.S. investment bank. The news comes ahead of Jefferies' earnings report late Wednesday.