Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through four segments: Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit. The Wholesale Business Unit segment offers financing, investment management, risk hedging, and settlement services, as well as financial solutions related to mergers and acquisition, and other advisory services primarily for large, mid, and small-sized corporate clients; various leasing services, including equipment, and operating and leveraged leasing; and digital services, such as robotic process automation and electronic contract services. The Retail Business Unit segment offers wealth management, settlement, consumer finance, and housing loan products and services, as well as business and asset succession services to high-net-worth customers. The Global Business Unit segment offers loans, deposits, clearing services, trade finance, project finance, loan syndication, derivatives, and cash management services; underwriting services; and leasing services related to the construction machinery, transportation equipment, industrial machinery, medical equipment, and aircraft leasing. The Global Markets Business Unit segment offers solutions through foreign exchange products, derivatives, bonds, stocks, and other marketable financial products. It also undertakes asset liability management operations. The company also offers credit card, Internet banking, system development and engineering, data processing, management consulting and economic research, and investment advisory and investment trust management services. Sumitomo Mitsui Financial Group, Inc. was incorporated in 2002 and is headquartered in Tokyo, Japan.
IPO Year:
Exchange: NYSE
Website: smfg.co.jp
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/20/2023 | Buy → Neutral | Goldman | |
| 11/1/2022 | Buy | Nomura | |
| 6/23/2022 | Neutral → Buy | BofA Securities | |
| 4/11/2022 | Buy → Neutral | BofA Securities |
Goldman downgraded Sumitomo Mitsui from Buy to Neutral
Nomura resumed coverage of Sumitomo Mitsui with a rating of Buy
BofA Securities upgraded Sumitomo Mitsui from Neutral to Buy
BofA Securities downgraded Sumitomo Mitsui from Buy to Neutral
4 - SUMITOMO MITSUI FINANCIAL GROUP, INC. (0001022837) (Reporting)
MARTINSVILLE, Ind., May 13, 2025 /PRNewswire/ -- The American Camp Association (ACA) is proud to announce a $500,000 grant initiative, made possible by the generous support of the Sumitomo Mitsui Banking Corporation (SMBC) Global Foundation, part of SMBC Group. The Camp-School Partnership Project will award one-year grants to qualifying nonprofit camps during the summers of 2025 and 2026. This initiative is designed to help camps expand their capacity to implement and sustain high-quality programming in collaboration with schools, districts, and other community-based partners. The goal: to increase access to meaningful camp experiences for youth, particularly in communities that have histor
Monroe Capital, Sumitomo Mitsui Banking Corporation (SMBC) and MA Asset Management (part of MA Financial Group, ASX: MAF) today announced the formation of a new joint venture ("JV"), which will invest up to US$1.7 billion in senior secured loans to U.S. middle market borrowers. The JV harnesses the complementary capabilities of the three partnering institutions to establish a differentiated platform focused on the attractive middle market subset of private credit. The JV expects to benefit from broad access to high-quality, proprietary deal flow of first-lien senior-secured loans to established middle market companies, leveraging the loan origination capabilities of Monroe Capital's direct
The Sumitomo Mitsui Banking Corporation (SMBC) Americas Division today announced that Greg Keeley has joined the bank as Chief Operating Officer. Based in New York and reporting to the Americas CEO, Greg will lead the bank's technology, cyber, and operational functions, while also driving transformative initiatives. "Greg's track record and leadership experience will play an integral role as SMBC continues to innovate and scale our operations across the Americas," said Hirofumi Otsuka, Chief Executive Officer, SMBC Group Americas Division. "As we diversify our business to best serve a global client base, the COO role will guide the transformation of our infrastructure and data-driven oper
Jenius Bank™ doubles down on commitment to help customers live "richer" lives through personalized, actionable insights Jenius Bank, the digital banking division of SMBC MANUBANK, a member of the SMBC Group, is launching the next-generation version of its mobile app and online banking platform that will provide free, personalized insights based on customers' spending and earning behavior to help optimize their cash flow and make smarter financial decisions. Customers can now enjoy a comprehensive, 360-degree view of their finances in one place when they link relevant external financial accounts, like credit cards and investment portfolios. Jenius Bank now empowers customers to: Track mo
Sumitomo Mitsui Banking Corporation ("SMBC") leads a $375 million financing for the Company's Ellendale High Performance Computing ("HPC") data center campus (the "Ellendale HPC Campus")Provides further validation of the Ellendale HPC Campus through a partnership with one of the world's leading data center financing platforms DALLAS, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure for HPC applications, announced today that the Company, through its HPC subsidiary APLD HPC Holdings LLC ("APLDH"), closed a $375 million financing with SMBC. The Company
The dynamic executive is celebrated for her innovative leadership and transformative vision for the commercial business bank. Hillary Savoie, Managing Director and Chief Banking Officer for SMBC MANUBANK, was named one of the "2025 Women of Influence: Finance" by the Los Angeles Business Journal. With over 30 years' experience in the financial services industry, Ms. Savoie has been the driving force behind SMBC MANUBANK's transformation from a Los Angeles community bank into a trusted powerhouse and a leading lender in franchise finance, commercial real estate, diversified industries, and trust and estate services. "I'm honored to be among such a prestigious group of industry leaders
SMBC Nikko Securities America, Inc. (SMBC Nikko America), a registered broker-dealer and direct subsidiary of SMBC Americas Holdings, Inc., has been designated a primary dealer by the Federal Reserve Bank of New York (New York Fed). SMBC America's Holdings, Inc., and SMBC Nikko America are part of the SMBC Group Americas Division. SMBC Nikko America is now one of 25 primary dealers in the market, which serve as trading counterparties to the New York Fed in its implementation of monetary policy, including participating in open market operations and Treasury auctions, and providing market intelligence and analysis to the open market trading desks at the New York Fed. The primary dealer de
The bank welcomes Michael Trivich, MD, Chief Credit Officer; Monica Sparks, ED, Chief Accounting Officer; and Jeff Jones, MD, Chief Information Officer SMBC MANUBANK, a wholly owned subsidiary of SMBC Americas Holdings, Inc., and a member of SMBC Group, announced it has appointed three new executives to lead the Credit, Accounting, and Information Technology functions as part of the bank's ongoing business transformation. Michael Trivich joined the bank in June as Managing Director, Chief Credit Officer. Leading the bank's 2nd line of defense Credit Risk Administration, Mr. Trivich balances loan portfolio growth with prudent credit risk controls, as well as designing the client experien
Jefferies Financial Group, Inc. (NYSE:JEF) ("Jefferies") today announced the appointment of the Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) ("SMFG") President and Group Chief Executive Officer, Toru Nakashima, to Jefferies' Board of Directors effective August 12, 2024. The appointment of Mr. Nakashima further strengthens the strategic alliance between Jefferies and the SMBC Group first announced in 2021 and then further expanded in 2023 and 2024. Consistent with agreements between Jefferies and Sumitomo Mitsui Banking Corporation ("SMBC"), SMBC intends to increase its economic ownership of Jefferies to up to 15% on an as-converted and fully diluted basis, and recently increased its
The Sumitomo Mitsui Banking Corporation (SMBC) Americas Division today announced that Brian Reed has joined the bank to lead the Industrials Group as SMBC's expansion continues in the Americas. Based in New York and reporting to Stephanie Bowker and Yoshiyuki Natsuyama, Brian will focus on growing the industrials business and overseeing a team of bankers covering SMBC clients across the industrials space. His extensive industry relationships and proven experience will strengthen SMBC's growing CIBC business. Brian will focus on growing the industrials business and overseeing a team of bankers covering SMBC clients across autos, transportation & mobility, aerospace & defense, and diversifi