Professional
Added to YB: 2024-05-28
Pitch date: 2024-03-31
8316.T [bullish]
Sumitomo Mitsui Financial Group, Inc.
+81.04%
current return
Author Info
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Company Info
Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania.
Market Cap
JPY 16.7T
Pitch Price
JPY 2.8K
Price Target
N/A
Dividend
3.65%
EV/EBITDA
N/A
P/E
24.43
EV/Sales
N/A
Sector
Banks
Category
N/A
Show full summary:
Harris Associates Japan Strategy Portfolio Holding: Sumitomo Mitsui Financial Group, Inc.
SMFG: Japan's best megabank. Q3 profit & income up YoY. Acquired remaining 25% of India unit, buyback up to ¥150B. Historically highest ROE of big 3, prudent lending, strong balance sheet. Confident in investment.
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