|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||8.26 - 8.30|
|52-week range||5.42 - 9.15|
|Beta (5Y monthly)||0.78|
|PE ratio (TTM)||0.11|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
(Bloomberg) -- Japan’s unemployment rate fell for the first time in three months, potentially feeding into higher wages and providing support for the Bank of Japan’s sustainable inflation goal down the line. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Air Defenses After Drone Strikes on MoscowTaiwan Rushes to Prevent China From Cutting Internet, PhonesTech Megacaps Prop Up Stocks as Bond Yields Slide: Markets WrapWorld’s Most
(Bloomberg) -- Greenhill & Co.’s 75th-place ranking for global mergers advice this year didn’t deter Mizuho Financial Group Inc. from paying more than double the market price for the US boutique bank.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTaiwan Rushes to Prevent China From Cutting Internet, PhonesMoscow Hit by Biggest Drone Attack as Russia Blames UkraineWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion Rally
(Bloomberg) -- Sumitomo Mitsui Financial Group Inc. is seeking to become more of a dealmaker in the US, after a big bet it’s taking in Wall Street firm Jefferies Financial Group Inc. Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealNYC Skyscrapers Sit Vacant, Exposing Risk City Never PredictedUkraine Leader Zelenskiy to Visit Hiroshima in Bid to Rally AidMorgan Stanley CEO Gorman to Step Down Within 12 Months
(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.
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
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.
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.
IMXI, BRC and SMFG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 21, 2023.
SMFG, DTEGY, HSII, ASBFY and IMXI have been added to the Zacks Rank #1 (Strong Buy) List on March 21, 2023.
RIO, SMFG and DTEGY made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 21, 2023.
SMFG, PLYA and RYI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 16, 2023.
WSR, SMFG, PLYA, RYI and MBGAF have been added to the Zacks Rank #1 (Strong Buy) List on March 16, 2023.
SMFG, ALTR and AGS made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 14, 2023.
WSR, REPX, SMFG, ALTR and AGS have been added to the Zacks Rank #1 (Strong Buy) List on March 14, 2023.
Sumitomo Mitsui Financial Group, Mizuho Financial Group, Barclays and Banco do Brasil are included in this Analyst Blog.
When it comes to finding industries that are 2023-safe, banks are a no-brainer.
Jefferies (JEF) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
(Bloomberg) -- Toshiba Corp.’s preferred bidder won’t secure letters of commitment from banks by year-end, casting yet more uncertainty over a deal as disagreements over lending terms persist after months of negotiations.Most Read from BloombergWhat We Know About the ‘Kraken’ Covid Variant XBB.1.5 and Why It’s Causing ConcernIf You Have Student Loans, Mark These Dates on Your CalendarUS and Germany to Send Ukraine Armored Vehicles in Major Arms UpgradeTrump’s Troubles Mount as Special Counsel Ge
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.
NEW YORK, November 08, 2022--SMBC Nikko Securities America, Inc. Appoints Raffi Dawson as Managing Director, Head of Structured Finance Group
UNCRY vs. SMFG: Which Stock Is the Better Value Option?
(Bloomberg) -- Rakuten Group Inc. shares jumped the most in more than four months on news that Mizuho Financial Group Inc. is in talks to acquire a stake in the e-commerce giant’s securities unit. Most Read from BloombergHere’s How Weird Things Are Getting in the Housing MarketThis Is What 7% Mortgages Will Do to the Housing MarketScreening Procedure Fails to Prevent Colon Cancer Deaths in Large StudyCathie Wood Warns of ‘Serious Losses’ in Automobile DebtThe Most Powerful Buyers in Treasuries A
NEW YORK, October 04, 2022--SMBC Appoints Rick Davison as Chief Financial Officer
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.
NEW YORK, September 27, 2022--SMBC Leads and Closes a $1.28 Billion Data Center Project Financing for QTS Realty Trust