0LAF.L - Sumitomo Mitsui Financial Group, Inc.

LSE - LSE Delayed price. Currency in USD
8.26
-0.07 (-0.82%)
At close: 02:44PM BST
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Previous close8.33
Open8.28
Bid0.00 x N/A
Ask0.00 x N/A
Day's range8.26 - 8.30
52-week range5.42 - 9.15
Volume2,703
Avg. volume950
Market capN/A
Beta (5Y monthly)0.78
PE ratio (TTM)0.11
EPS (TTM)0.76
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
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    SMFG Plans Shift to US Investment Banking After Jefferies Deal

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    Jefferies gets boost as Japan's SMFG expands partnership, investment

    (Reuters) -Jefferies Financial Group Inc shares surged more than 5% on Thursday after Japan's Sumitomo Mitsui Banking Corp (SMBC) said it will combine its U.S. equity and M&A business with the U.S. investment bank. As part of a deal, SMBC's parent, Sumitomo Mitsui Financial Group, will expand its U.S. presence and boost its stake in Jefferies from 4.5% to as much as 15%, the companies said in a joint statement Thursday. "This will give us access to more, and larger, public companies," Jefferies President Brian Friedman told Reuters.

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    Jefferies and SMBC Expand and Strengthen Strategic Alliance, Broadening Joint Business Efforts and Increasing SMBC’s Equity Ownership in Jefferies

    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

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    Japan's SMFG is first global bank to sell AT1 bonds since C.Suisse wipeout

    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.

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    Japan's SMBC CEO is watching out for chances to expand US assets

    TOKYO (Reuters) -The new head of Sumitomo Mitsui Banking Corp (SMBC) said the Japanese bank is watching closely for chances to buy assets in the United States, adding that the latest banking crisis hasn't dented its confidence in the world's biggest capital market. "The U.S. market will stay attractive" despite the financial turbulence triggered by the fall of Silicon Valley Bank, Akihiro Fukutome, who was promoted from senior managing officer to chief executive on Saturday, told Reuters in an interview. Fukutome ruled out the possibility of buying a U.S. bank as a whole but said the Japanese group would be looking at assets that may be offered for sale and a team of bankers managing those assets.

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    The Zacks Analyst Blog Highlights Sumitomo Mitsui Financial Group, Mizuho Financial Group, Barclays and Banco do Brasil

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  • 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.

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    Japan's securities watchdog recommends punishment for SMBC Nikko

    TOKYO (Reuters) -Japan's securities watchdog on Wednesday recommended punishment of SMBC Nikko Securities, the brokerage unit of Sumitomo Mitsui Financial Group Inc (SMFG), over alleged market manipulation that led to the indictment of former executives. The Securities and Exchange Surveillance Commission recommended that the Financial Service Agency impose an administrative punishment on Nikko after it found insufficient compliance had allowed the misconduct.

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