|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||7.79 - 7.88|
|52-week range||6.93 - 8.30|
|PE ratio (TTM)||9.06|
|Forward dividend & yield||0.27 (3.28%)|
|1y target est||9.29|
Sumitomo Mitsui Financial Group is the latest Japanese financial giant to confirm it will move some of its London operations to Frankfurt after Brexit. The move is "to ensure that Sumitomo Mitsui Banking Corporation (SMBC) can continue offering banking services to clients with no disruption once the UK leaves the EU," the company said in a statement. The move relates to the company's core banking and investment banking arms, and it will establish a wholly-owned subsidiary for both in Frankfurt.
Tokyo shares eased Wednesday morning as a slip in oil prices dragged energy firms lower while automaker Toyota and some of Japan's biggest banks also slipped into negative territory.