Sumitomo Mitsui Financial Group Inc (SMFG) Receives Analyst Rating

Sumitomo Mitsui Financial Group Inc (SMFG) : 2 brokerage houses believe that Sumitomo Mitsui Financial Group Inc (SMFG) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 2 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.


Sumitomo Mitsui Financial Group Inc (NYSE:SMFG): After opening at $6.5, the stock dipped to an intraday low of $6.48 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.58 and the buying power remained strong till the end. The stock closed at $6.57 for the day, a gain of 0.15% for the day session. The total traded volume was 591,111. The stocks close on the previous trading day was $6.56.

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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