Sumitomo Mitsui Financial Group, Inc. Sponsored ADR Stock News

Two of Japan's three megabanks are likely to report a decline in their fiscal first-half 2025 earnings, mainly due to one-time gains in the same period of 2024. For the fiscal year ending March 2026, all three banks are expected to exceed their income targets amid rising interest rates. The three megabanks set their full-year earnings outlook based on the exchange rate of ￥140 earlier this year...

NEW YORK--(BUSINESS WIRE)--SMBC Group today announced the appointment of Juan (JC) Kreutz as Americas Head of Structured Finance Solutions and Deputy Head for the Americas business. Based in New York, JC will oversee the bank's structured product businesses, including project finance debt & advisory, real estate finance, leveraged finance, fund finance, transportation, leasing, and global trade...

Sumitomo Mitsui Financial Group is still deserving of a "Buy" rating, as I view its capital recycling activities as value-enhancing. SMFG's recent monetization of its Kotak Mahindra Bank stake and the Infcurion IPO have strengthened its capital base and provided financial flexibility. Proceeds are being reinvested into strategic stakes in Yes Bank and Jefferies, enhancing exposure to growth mar...

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”), and SMBC Nikko Securities Inc. (“SMBC Nikko”) (collectively, “SMBC Group”) announced today that they are significantly expanding their Global Strategic Alliance. SMBC Group and Jefferies initia...

The Japanese firm's SMBC unit plans to raise its stake in the Wall Street bank to up to 20%.

I upgrade SMFG to Buy after reviewing the bank's performance and prospects. Its Q1 results beat expectations, driven by strong net interest income and fee growth. The bank's cautious full-year guidance could be revised upward, especially with improving US-Japan trade clarity and likely BOJ rate hikes.

NEW YORK--(BUSINESS WIRE)--Nick Stevenson has joined SMBC Americas as Group Head of technology, media, and telecommunications (TMT) corporate and investment banking.