Positive News Coverage Somewhat Unlikely to Affect Sumitomo Mitsui Financial Group (NYSE:SMFG) Stock Price
News headlines about Sumitomo Mitsui Financial Group (NYSE:SMFG) have been trending positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sumitomo Mitsui Financial Group earned a news impact score of 0.33 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.6556540536981 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Sumitomo Mitsui Financial Group (SMFG) traded up 0.94% during midday trading on Friday, hitting $7.55. 722,737 shares of the stock traded hands. The company’s 50 day moving average price is $7.68 and its 200-day moving average price is $7.58. The stock has a market cap of $53.23 billion, a price-to-earnings ratio of 8.38 and a beta of 1.30. Sumitomo Mitsui Financial Group has a 12-month low of $6.39 and a 12-month high of $8.30.
Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its earnings results on Monday, July 31st. The bank reported $0.31 EPS for the quarter, beating the consensus estimate of $0.20 by $0.11. The business had revenue of $12.25 billion for the quarter. Sumitomo Mitsui Financial Group had a return on equity of 6.95% and a net margin of 14.43%. On average, equities research analysts expect that Sumitomo Mitsui Financial Group will post $0.87 EPS for the current year.
SMFG has been the subject of a number of recent analyst reports. UBS AG upgraded shares of Sumitomo Mitsui Financial Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 21st. ValuEngine lowered shares of Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Sumitomo Mitsui Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently 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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