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

Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) : Zacks Investment Research ranks Sumitomo Mitsui Financial Group Inc (NYSE: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): stock turned positive on Tuesday. Though the stock opened at $5.67, the bulls momentum made the stock top out at $5.68 level for the day. The stock recorded a low of $5.57 and closed the trading day at $5.67, in the green by 1.61%. The total traded volume for the day was 1,651,578. The stock had closed at $5.58 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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