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Sumitomo Mitsui Financial Group, Inc. (SMFG)

NYSE - NYSE Delayed Price. Currency in USD
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6.81+0.01 (+0.15%)
At close: 04:00PM EST
6.80 -0.01 (-0.15%)
Pre-market: 07:18AM EST
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  • Reuters SG

    SMBC joins list of lessors pursuing Russian claims through the courts

    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.

  • Reuters

    Strong loan demand boosts Q2 profits at Japan's Sumitomo Mitsui, Mizuho

    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.

  • Business Wire

    SMBC Nikko Securities America, Inc. Appoints Raffi Dawson as Managing Director, Head of Structured Finance Group

    NEW YORK, November 08, 2022--SMBC Nikko Securities America, Inc. Appoints Raffi Dawson as Managing Director, Head of Structured Finance Group