Sumitomo Mitsui Financial Group Inc (SMFG) Shares are Up 5.47%

Sumitomo Mitsui Financial Group Inc (SMFG) : Traders are bullish on Sumitomo Mitsui Financial Group Inc (SMFG) as it has outperformed the S&P 500 by a wide margin of 8.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.54%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.47% in the last 1 week, and is up 11.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 8.2% and the 50-Day Moving Average is 6.04%. Sumitomo Mitsui Financial Group, Inc. is up 4.43% in the last 3-month period. Year-to-Date the stock performance stands at -16.21%.


Sumitomo Mitsui Financial Group Inc (NYSE:SMFG): stock turned positive on Friday. Though the stock opened at $6.32, the bulls momentum made the stock top out at $6.38 level for the day. The stock recorded a low of $6.29 and closed the trading day at $6.36, in the green by 7.98%. The total traded volume for the day was 2,347,425. The stock had closed at $5.89 in the previous days trading.

Sumitomo Mitsui Financial Group, Inc. (SMFG) is principally engaged in the operation of banking business. The Banking segment is engaged in the operation of deposit business, lending business, trading securities buying and selling business, securities investment business, domestic and foreign exchange business, corporate bond trustee and registration service, trust business, securities investment trust and insurance counter sales. The Lease segment operates leasing activities. The Securities segment operates securities business. The Consumer Finance segment operates credit card business, consumer credit business, consumer lending business, automobile sales finance business, collecting agency and factoring business. The Other segment operates system development and information processing business, consulting and think tank business, venture capital business, business consulting operations, pension and investment management business, as well as other related financing services.

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