Favorable News Coverage Somewhat Unlikely to Affect Sumitomo Mitsui Financial Group (SMFG) Stock Price
News coverage about Sumitomo Mitsui Financial Group (NYSE:SMFG) has trended positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sumitomo Mitsui Financial Group earned a news sentiment score of 0.44 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.0153215752726 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Sumitomo Mitsui Financial Group (NYSE SMFG) traded down $0.04 during trading hours on Friday, hitting $8.15. The company had a trading volume of 1,230,000 shares, compared to its average volume of 1,042,272. Sumitomo Mitsui Financial Group has a 12-month low of $6.93 and a 12-month high of $8.30. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 0.97. The firm has a market capitalization of $57,815.13, a PE ratio of 7.74 and a beta of 1.35.
SMFG has been the subject of several recent research reports. Zacks Investment Research cut Sumitomo Mitsui Financial Group from a “hold” rating to a “strong sell” rating in a report on Thursday, September 7th. ValuEngine cut Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a report on Monday, August 28th. Finally, BidaskClub raised Sumitomo Mitsui Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, October 27th.
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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