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The latest announcement is out from Sumitomo Mitsui Financial Group ( (JP:8316) ).
Sumitomo Mitsui Financial Group reported a substantial increase in earnings for the nine months ending December 31, 2024, with ordinary income rising by 14.4% and profit attributable to owners surging by 43.3% compared to the previous year. This growth is partly attributed to the company’s strategic stock split and share repurchase, which have positively impacted earnings per share. With the inclusion of JRI Holdings, Limited as a new consolidated subsidiary, SMFG aims to strengthen its market position further.
More about Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group, Inc. is a leading financial services company listed on the Tokyo, Nagoya, and New York Stock Exchanges. The company operates primarily in the banking and financial sector offering a wide range of services including commercial banking, leasing, securities, and consumer finance. It is headquartered in Tokyo, Japan, and focuses on expanding its influence in both Japanese and global markets.
YTD Price Performance: 1.77%
Average Trading Volume: 8,679
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $94.49B
For a thorough assessment of 8316 stock, go to TipRanks’ Stock Analysis page.
