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Sumitomo Mitsui Financial Group Inc   (SMFG)
Other Ticker:  
 
    Sector  Financial    Industry Money Center Banks
   Industry Money Center Banks
   Sector  Financial
 
Price: $11.5200 $-0.08 -0.690%
Day's High: $11.58 Week Perf: -2.95 %
Day's Low: $ 11.47 30 Day Perf: 11.63 %
Volume (M): 2,042 52 Wk High: $ 12.46
Volume (M$): $ 23,528 52 Wk Avg: $9.33
Open: $11.49 52 Wk Low: $7.75



 Market Capitalization (Millions $) 15,728
 Shares Outstanding (Millions) 1,365
 Employees 78,000
 Revenues (TTM) (Millions $) 74,770
 Net Income (TTM) (Millions $) 6,461
 Cash Flow (TTM) (Millions $) 513,297
 Capital Exp. (TTM) (Millions $) 0

Sumitomo Mitsui Financial Group Inc
Sumitomo Mitsui Financial Group Inc. (SMFG) is one of the largest and most well-established financial institutions in Japan. It is a holding company that oversees the operations of several subsidiaries in the banking, securities, and asset management industries. The company was created in 2002 through the merger of two of Japan's largest banks, Sumitomo Bank and Mitsui Bank.

As of 2021, SMFG has branches and subsidiaries throughout Asia, the Americas, Europe, and the Middle East, with a network that operates in over 40 countries. SMFG has approximately 79,000 employees worldwide, and its assets under management total around $2.8 trillion.

SMFG's core business is banking. It operates through three primary banking subsidiaries: Sumitomo Mitsui Banking Corporation (SMBC), SMBC Nikko Securities, and SMBC Trust Bank. SMBC is one of the largest banks in Japan, providing various financial services to corporate and individual clients. SMBC Nikko Securities provides brokerage and investment banking services, while SMBC Trust Bank offers trust and asset management services.

SMFG also has a significant presence in the global markets through its subsidiary, Sumitomo Mitsui Financial Group, Inc., which is headquartered in New York City. This subsidiary provides a wide variety of services, including investment banking, capital markets, and asset management. SMFG has also expanded into the technology and fintech industry, investing in companies such as Paytm and Grab.

SMFG is committed to corporate social responsibility and sustainable business practices. The company has a comprehensive sustainability policy, promoting environmental and social responsibility, diversity and inclusion, and ethical business practices. SMFG has also committed to the United Nations Sustainable Development Goals, actively working towards achieving these goals.

In summary, SMFG is a large and diverse financial institution with a global presence, operating in various sectors of the financial industry, including banking, securities, and asset management. The company is committed to sustainability and social responsibility, and continues to expand its reach into new markets and industries.


   Company Address: 1-2, Marunouchi 1-chome Tokyo 100
   Company Phone Number: 3282-8111   Stock Exchange / Ticker: NYSE SMFG
   SMFG is expected to report next financial results on June 28, 2024.


   

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Sumitomo Mitsui Financial Group Inc

Sumitomo Mitsui Financial Group Inc Reveals Mediocre Fiscal Performance Despite Soaring EPS Amid Recent Financial Period

Despite a decrease in revenue in the most recent fiscal period, Sumitomo Mitsui Financial Group Inc. (SMFG) managed to enhance its earnings per share, demonstrating its resilience in a challenging economic environment. Income per share witnessed a remarkable rally of 72.89%, reaching $4.61 per share. Conversely, revenue registered a decline of -2.102% to $74.77 billion compared to the previous year.
It is worth noting that SMFG's net profits experienced a substantial increase of 71.34%, reaching $6,461.439 million in the most recent fiscal period. This is a significant improvement compared to the net earnings of $3,771.012 million reported in the same period a year ago, indicating the company's efforts to enhance its profitability.






 

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