Banking

Sumitomo Mitsui Financial Group, Inc.

Sumitomo Mitsui Financial Group Reports Impressive Earnings, Annual Net Profit Hits Record High

Sumitomo Mitsui Financial Group anticipates a net profit of 1.70 trillion yen for the fiscal year

Sumitomo Mitsui Financial Group and Jefferies Form Joint Venture to Enhance Japanese Equity Business

SMBC Makes Senior Hires to Enhance Securitization Financing Capability

Sumitomo Mitsui Banking and Neuberger Berman Form Joint Venture Focused on Japanese Domestic Leveraged Loan

Sumitomo Mitsui and Neuberger Berman launch a 500 billion yen Japan merger and acquisition fund

SMBC Nikko Securities CEO Calls for Accelerated Business Model Reform

SMFG prepares for a possible acquisition of Jefferies

SMFG Director Charles D Lake II Reports Holding 900 Common Shares

Sumitomo Mitsui Financial Group reports Q3 net profit exceeding expectations

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Japan's three largest banking groups reported record annual profits, with Mitsubishi UFJ Financial Group's net profit rising 30% to 2.4 trillion yen, and Mizuho Financial Group's profit up 41% to 1.25 trillion yen. Despite geopolitical risks, they forecast further profit increases, driven by rising loan demand and wider lending margins from recent interest rate hikes. Mizuho and MUFG announced share buybacks of 100 billion yen each, while Sumitomo Mitsui Financial Group's profit grew 34% with a projected 7.4% rise for the current year.

Mitsubishi UFJ Financial Group, Inc.

Mizuho Financial Group, Inc.

Mitsubishi UFJ Financial

Mizuho Financial

Sumitomo Mitsui Financial

Japan's megabanks rake in record profits, forecast further gains

SMFG

Sumitomo Mitsui Financial Group Inc Unsponsored's 12-month price target has been reduced from $24.83 to $24.7, suggesting an 11% upside based on the May 13 closing price. The consensus rating remains a "Buy" from 14 analysts, with 12 Buys and 2 Holds. Forecasts for the stock range from $16.69 to $28.64 per share.

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Factset Research

Sumitomo Mitsui Financial Group Inc Unsponsored Stock 12‑Month Price Target Cut to $24.7, Implies 11% Upside

Sumitomo Mitsui Financial Group (SMFG) reported fiscal 2026 earnings of 411.88 yen per diluted share, an increase from 301.48 yen the previous year. Ordinary income rose to 10.790 trillion yen from 10.175 trillion yen. The company anticipates fiscal 2027 EPS of 223.75 yen. Additionally, a 2-for-1 stock split will take effect on Oct. 1, and a share buyback of up to 40 million shares, totaling 180 billion yen, has been authorized. SMFG shares rose 1.7% in premarket trading.

Fidelity

Sumitomo Mitsui Financial Fiscal 2026 Earnings, Ordinary Income Rise

Sumitomo Mitsui Financial Group, Inc.(8316.JP)

Japan's megabanks rake in record profits, forecast further gains

Sumitomo Mitsui Financial Group Inc Unsponsored Stock 12‑Month Price Target Cut to $24.7, Implies 11% Upside

Sumitomo Mitsui Financial Fiscal 2026 Earnings, Ordinary Income Rise