Analyst Rating Update on Sumitomo Mitsui Financial Group Inc (SMFG)

Sumitomo Mitsui Financial Group Inc (SMFG) : Zacks Investment Research ranks Sumitomo Mitsui Financial Group Inc (SMFG) as 1, which is a Strong Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 1 research analysts is 1, which indicates as a Strong Buy.

Company shares have received an average consensus rating of Hold for the current week


Sumitomo Mitsui Financial Group Inc (NYSE:SMFG): The stock opened at $6.18 on Wednesday but the bulls could not build on the opening and the stock topped out at $6.21 for the day. The stock traded down to $6.15 during the day, due to lack of any buying support eventually closed down at $6.20 with a loss of -1.90% for the day. The stock had closed at $6.32 on the previous day. The total traded volume was 919,371 shares.

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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