Sumitomo Mitsui Financial Group (NYSE:SMFG – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Friday.
Sumitomo Mitsui Financial Group Stock Performance
NYSE:SMFG opened at $15.22 on Friday. The firm has a market cap of $98.50 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 0.67 and a beta of 0.40. Sumitomo Mitsui Financial Group has a fifty-two week low of $10.74 and a fifty-two week high of $16.74. The business has a 50 day moving average price of $14.67 and a 200-day moving average price of $14.72.
Sumitomo Mitsui Financial Group (NYSE:SMFG – Get Free Report) last announced its earnings results on Wednesday, May 21st. The bank reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The business had revenue of $16.55 billion for the quarter. Sumitomo Mitsui Financial Group had a net margin of 11.57% and a return on equity of 7.96%. Research analysts predict that Sumitomo Mitsui Financial Group will post 0.39 EPS for the current year.
Hedge Funds Weigh In On Sumitomo Mitsui Financial Group
About Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides banking, leasing, securities, credit card, and consumer finance services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments.
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