|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||8.01 - 8.06|
|52-week range||5.42 - 9.15|
|Beta (5Y monthly)||0.78|
|PE ratio (TTM)||0.11|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
NEW YORK & TOKYO, April 27, 2023--Jefferies Financial Group, Inc. (NYSE: JEF) ("Jefferies") and Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) ("SMFG"), Sumitomo Mitsui Banking Corporation ("SMBC"), SMBC Nikko Securities Inc. ("SMBC Nikko"), and SMBC Nikko Securities America Inc. (collectively, "SMBC Group") announced today that they have expanded their strategic alliance to collaborate on future corporate and investment banking business opportunities, as well as in equity sales, trading, an
TOKYO (Reuters) -Japan's Sumitomo Mitsui Financial Group (SMFG) sold $1 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major global bank to sell the risky securities since similar bonds issued by Credit Suisse were wiped out last month. "SMFG had a choice of not selling them but they went ahead, likely signalling that the Japanese financial system may be more stable than those in other countries," said Nana Otsuki, senior fellow at Pictet Japan. AT1 bonds - the riskiest tranche of a bank's bonds also known as "contingent convertibles" or "CoCo" bonds - can be converted into equity or written off if a bank's capital level falls below a certain threshold.
IMXI, BRC and SMFG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 21, 2023.
SMFG, DTEGY, HSII, ASBFY and IMXI have been added to the Zacks Rank #1 (Strong Buy) List on March 21, 2023.
RIO, SMFG and DTEGY made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 21, 2023.
SMFG, PLYA and RYI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 16, 2023.
WSR, SMFG, PLYA, RYI and MBGAF have been added to the Zacks Rank #1 (Strong Buy) List on March 16, 2023.
SMFG, ALTR and AGS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 14, 2023.
WSR, REPX, SMFG, ALTR and AGS have been added to the Zacks Rank #1 (Strong Buy) List on March 14, 2023.
Sumitomo Mitsui Financial Group, Mizuho Financial Group, Barclays and Banco do Brasil are included in this Analyst Blog.
When it comes to finding industries that are 2023-safe, banks are a no-brainer.
Jefferies (JEF) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
SMBC Aviation Capital has joined most of the world's largest aircraft lessors in pursuing insurance claims through the courts over jets it owns that are stuck in Russia, an Irish High Court filing showed. Irish-headquartered SMBC recorded an impairment of $1.6 billion earlier this year to cover the full financial impact of having 34 jets stuck in Russia after European Union sanctions that forced the termination of all Russian leases. The filing, issued against Lloyd's of London on Nov. 28, did not include details on the size of the claim by SMBC, which is owned by a consortium including Japan's Sumitomo Corp and Sumitomo Mitsui Financial Group.
TOKYO (Reuters) -Sumitomo Mitsui Financial Group Inc and Mizuho Financial Group on Monday reported strong second-quarter profits on demand from overseas clients looking to lock in loans ahead of higher interest rates. Sumitomo Mitsui, Japan's second-largest bank by assets, lifted its net profit forecast for the full year to March by 5% to 770 billion yen ($5.51 billion) after posting an 8% profit increase for July-September. "Expectations for higher interest rates drove overseas clients, mainly in the United States, to lock in loans," Sumitomo Mitsui CEO Jun Ohta told a press briefing.
NEW YORK, November 08, 2022--SMBC Nikko Securities America, Inc. Appoints Raffi Dawson as Managing Director, Head of Structured Finance Group
UNCRY vs. SMFG: Which Stock Is the Better Value Option?
NEW YORK, October 04, 2022--SMBC Appoints Rick Davison as Chief Financial Officer
NEW YORK, September 27, 2022--SMBC Leads and Closes a $1.28 Billion Data Center Project Financing for QTS Realty Trust
SMFG vs. UOVEY: Which Stock Is the Better Value Option?
TOKYO, August 24, 2022--SMBC Group to Launch Jenius BankTM, a New Digital Consumer Banking Business in the U.S.
NEW YORK, August 23, 2022--SMBC Latin America Closes Landmark Renewables Transaction With $710 Million Bond Issuance
NEW YORK, August 16, 2022--SMBC Further Strengthens Real Estate, Gaming & Leisure Banking Practice with Two New Senior Hires
NEW YORK, August 09, 2022--SMBC Hires Mark Corteil as Chief Credit Risk Officer
Mitsubishi UFJ Financial Group Inc reported a 70% plunge in first-quarter net profit, blaming one-off losses related to the sale of MUFG Union Bank and a drop in the value of its stake in ride-hailing firm Grab Holdings. The bank, Japan's largest lender by assets, booked an appraisal loss of 254 billion yen ($1.9 billion) on bonds and other assets held by MUFG Union Bank, an accounting treatment required ahead of the $8 billion sale of the U.S. retail banking unit to U.S. Bancorp later this year. The previously flagged loss would be partly offset when the sale is complete, and the overall impact on full-year net profit is expected to be around 200 billion yen, the bank said.
Marathon Capital, LLC ("Marathon Capital"), a leading independent investment banking firm, has entered into a strategic collaboration agreement ("SCA") with Sumitomo Mitsui Banking Corporation ("SMBC"), one of the largest industrial, energy and infrastructure lenders in the world. SMBC is a member of SMBC Group, a top-tier global financial group headquartered in Tokyo with approximately $2 trillion of consolidated total assets. In conjunction with the SCA, the Parties have entered into a definit