Sumitomo Mitsui Financial Group, Inc. Sponsored ADR Stock News

NEW YORK--(BUSINESS WIRE)--The SMBC Americas Division has hired Greg Keeley as Chief Operating Officer.

Sumitomo Mitsui Finance and Leasing [RIC:RIC:SUMFL.UL] said on Monday its joint venture will acquire Macquarie Rotorcraft, the helicopter leasing business of financial giant Macquarie's asset management arm.

Sumitomo Mitsui Banking Corporation (“SMBC”) leads a $375 million financing for the Company's Ellendale High Performance Computing (“HPC”) data center campus (the “Ellendale HPC Campus”) Provides further validation of the Ellendale HPC Campus through a partnership with one of the world's leading data center financing platforms DALLAS, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporatio...

I maintain my Buy rating for Sumitomo Mitsui Financial due to favorable NIM prospects and significant progress in portfolio rationalization, warranting a higher valuation. SMFG's NIM is expected to improve, driven by a favorable rate environment and lower funding costs, with a projected +10% net profit increase in FY26. The bank is optimizing its portfolio by divesting non-core financial invest...

Major Japanese banks logged gains in efficiency measured by their cost-to-income ratios over the 12 months ended Sept. 30, helped by improved profits.

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