Sumitomo Mitsui Financial Group Inc (SMFG) Issues Earnings Results

Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) issued its earnings results on Monday, July 31st. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.11, MarketWatch Earnings reports. The company had revenue of $12.25 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 14.43% and a return on equity of 6.95%.

Sumitomo Mitsui Financial Group (NYSE SMFG) traded up 0.94% on Friday, reaching $7.55. 722,737 shares of the company’s stock traded hands. Sumitomo Mitsui Financial Group has a 52-week low of $6.39 and a 52-week high of $8.30. The stock has a market cap of $53.23 billion, a price-to-earnings ratio of 8.38 and a beta of 1.30. The company’s 50 day moving average is $7.68 and its 200-day moving average is $7.58.

A number of equities research analysts have recently issued reports on SMFG shares. UBS AG raised shares of Sumitomo Mitsui Financial Group from a “neutral” rating to a “buy” rating in a report on Wednesday, June 21st. ValuEngine cut shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub raised shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy”.

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Sumitomo Mitsui Financial Group Company Profile

Sumitomo Mitsui Financial Group, Inc is a holding company for Sumitomo Mitsui Banking Corporation (the Bank) and its subsidiaries. The Company operates through four segments: Commercial Banking, Leasing, Securities and Consumer Finance. The Company and its subsidiaries offer a range of financial services, including commercial banking, leasing, securities, consumer finance and other services.

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