Sumitomo Mitsui Financial Group (NYSE:SMFG) Receiving Favorable Press Coverage, Analysis Shows
Media stories about Sumitomo Mitsui Financial Group (NYSE:SMFG) have trended positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sumitomo Mitsui Financial Group earned a news sentiment score of 0.40 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.2349237682969 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Sumitomo Mitsui Financial Group (NYSE:SMFG) traded up 0.13% during midday trading on Tuesday, hitting $7.58. The company had a trading volume of 687,150 shares. Sumitomo Mitsui Financial Group has a 12 month low of $6.39 and a 12 month high of $8.30. The company has a 50-day moving average of $7.70 and a 200 day moving average of $7.59. The firm has a market capitalization of $53.44 billion, a PE ratio of 8.44 and a beta of 1.30.
Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings results on Monday, July 31st. The bank reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.11. The company had revenue of $12.25 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 6.95% and a net margin of 14.43%. On average, analysts expect that Sumitomo Mitsui Financial Group will post $0.87 EPS for the current fiscal year.
A number of research firms have recently issued reports on SMFG. BidaskClub downgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. UBS AG upgraded Sumitomo Mitsui Financial Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, ValuEngine cut Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Sumitomo Mitsui Financial Group presently has an average 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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