Sumitomo Mitsui Financial Group, Inc. Sponsored ADR Stock News

LOS ANGELES--(BUSINESS WIRE)--Bank welcomes Michael Trivich, MD, Chief Credit Officer; Monica Sparks, ED, Chief Accounting Officer; & Jeff Jones, MD, Chief Information Officer.

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.

While interest rates remain high, it offers a good opportunity to investors to consider these financial stocks for rising interest rates. An increase in interest rates often results in increased net interest margins for banks and other financial institutions.

SMFG's Q1 EPS rose by +52.5% YoY as a result of higher net interest income and a lower credit cost. The favorable updates for Sumitomo Mitsui's net interest income guidance and cross-shareholdings reduction target give me the confidence that the company can improve its ROE to 9% going forward. I continue to assign a Buy rating to SMFG, as the stock is still trading below my target P/B ratio of ...

In today's world of uncertainties and the global economy, it is crucial to diversify one's investments because otherwise, the risks are rising. One outstanding way to diversify that comes to mind is to invest in international dividend aristocrats.

NEW YORK--(BUSINESS WIRE)--The Sumitomo Mitsui Banking Corporation (SMBC) Americas Division today announced that Brian Reed has joined the bank to lead the Industrials Group as SMBC's expansion continues in the Americas. Based in New York and reporting to Stephanie Bowker and Yoshiyuki Natsuyama, Brian will focus on growing the industrials business and overseeing a team of bankers covering SMBC...

LOS ANGELES--(BUSINESS WIRE)--Jenius Bank, the digital banking division of SMBC MANUBANK and a member of the SMBC Group, today unveiled the findings of its new survey, The Mind-Money Connection: How Managing Your Finances Can Make You Happier, revealing the tangible ways consumers' financial situations intertwine with our mental health and wellbeing. The report, which surveyed more than 4,000 U...

LOS ANGELES--(BUSINESS WIRE)--Jenius Bank™ hit a milestone last week, reaching $1 billion in deposits for its high-yield savings product.