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”.
COPYRIGHT VIOLATION NOTICE: This news story was published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.com-unik.info/2017/08/19/sumitomo-mitsui-financial-group-inc-smfg-posts-quarterly-earnings-results-beats-estimates-by-0-11-eps-updated-updated.html.
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.
What are top analysts saying about Sumitomo Mitsui Financial Group Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Sumitomo Mitsui Financial Group Inc and related companies.